Endowments and foundations

We’ve been managing assets for nonprofit organizations since 1963. Over the years, the investment needs and philosophies of the institutions we serve have evolved, but our goal of providing superior results for clients has never wavered.

Our key tenets for E&F investing

BALANCE GROWTH AND OBLIGATIONS

The greatest advantage that many nonprofits enjoy over other kinds of investors may be a long time horizon. Nevertheless, appropriate deployment of capital requires a clear understanding of short-term liabilities.

MATCH ASSETS TO GOALS

The “wisdom of crowds” is a poor substitute for carefully aligning investment strategies to your goals.

PRESERVE PURCHASING POWER

Inflation threatens the spending power of most nonprofits. Unexpected bouts of high inflation have not been uncommon historically, suggesting a strategic allocation to inflation-hedging assets. And typically, periods of low inflation have been good times to initiate or increase such allocations.

THINK FUNCTION, NOT FORM

The role that an asset plays in a nonprofit’s portfolio is far more important than the asset class. Focus on outcomes, not asset categories.

BE CONTRARIAN

Consider investing opportunistically. Seek out underperforming asset classes, sectors, and managers.

Meet some of our E&F professionals

Contact us

Email us at [email protected].

Any views expressed herein are those of the individuals shown, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. These examples are not reflective of any specific investment strategy, nor is this considered investment advice or a recommendation to buy or sell any specific security.

EXPLORE INSIGHTS

On the ground in Asia with Niraj Bhagwat
Portfolio Manager Niraj Bhagwat offers his local perspective on Asia, sharing the opportunities and risks he sees in today's volatile and challenging markets.
September 2020
On the ground in Asia with Niraj Bhagwat
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Monthly Market Snapshot: August 2020
A monthly update on equity, fixed income, currency, and commodity markets.
September 2020
Monthly Market Snapshot: August 2020
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Sharpening our edge: Investing with data science
In the first part of our new iSci stories series, we explore how data science is increasingly providing our investors with differentiated insights and discuss the value of robust collaboration between our investors and data scientists.
September 2020
Sharpening our edge: Investing with data science
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Managing risk in an unconstrained fixed income strategy
Learn why we believe the integration of risk management throughout the investment process and the use of multiple lenses are crucial for approaches that span multiple styles, regions, asset types, and credit tiers.
September 2020
Managing risk in an unconstrained fixed income strategy
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Expanding the liability-hedging tool kit: A securitized solution?
Concerned about concentration risk, liquidity issues, and other factors that can affect long corporate bond allocations, derisking pension plans are seeking opportunities to diversify their liability-hedging allocations. In this paper, members of our LDI Team share their research on securitized assets as a potential alternative.
September 2020
Expanding the liability-hedging tool kit: A securitized solution?
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Setting ROAs for 2021: A guide for US public and corporate plans
How are pension plans adjusting their ROA assumptions? How do those assumptions line up with our long-term capital market assumptions? Find out in this annual update.
September 2020
Setting ROAs for 2021: A guide for US public and corporate plans
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Credit dispersion continues: Q&A
Portfolio Manager Ryan Valente offers his insights on today's dispersion-driven credit opportunities, changes since the COVID-19 pandemic, and the value of managing alternatives credit at Wellington.
September 2020
Credit dispersion continues: Q&A
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Redefining “value” for a modern economy
Value stocks are cheap and growth stocks are expensive. End of story, right? Our Fundamental Factor Team argues that the traditional tools for measuring value are out of date and offers a more nuanced view.
September 2020
Redefining "value" for a modern economy
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