National Association of College and University Business Officers (NACUBO)
This whitepaper was written for educational institutions and other organizations that benchmark themselves against university education-based peers to better understand the drivers of performance over the short- and long-term using the National Association of College and University Business Officers (NACUBO) and Commonfund FY2023 Study of Endowments as a data set. This topic can be useful…
Read MoreCase Study: Managing a $1 billion portfolio for a prestigious US healthcare system
In 2021, Partners Capital were hired as Outsourced Chief Investment Office (OCIO) for a world-renowned, not-for-profit medical organization. Prior to working with us, the client had a relatively traditional 60% equity / 40% bond-style liquid portfolio, with no exposure to alternative investments, including private markets. The client’s Investment Committee was comprised of sophisticated and seasoned…
Read MoreInvestment Committee Best Practice
The best performing investment committee (“IC”) recognises its primary role is one of governance, not investing. Charles D. Ellis, the long-time Chair of the Yale University Endowment investment committee made this very clear in his often-cited article on Best Practice Investment Committees, published in 2011 in the Journal of Portfolio Management. Charley stressed that the…
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