Strategies 2017-11-06T13:40:57+00:00

Fixed-Income

Enhanced Cash

Short Duration

Total Return

Equity

Global Concentrated Growth Equity

Alternative

Global Multi-Asset

Strategy – Flexible, top-down approach seeking to outperform cash management strategies. A focus on maintaining a high degree of liquidity by investing in undervalued sectors while avoiding overvalued ones within the front end of the yield curve. Emphasis on positive return and current income.

Objective – Seeks to achieve positive returns independent of market cycles, consistent with income generation.

Benchmark – Bloomberg Generic 3-month Treasury Bill.

Characteristics – The strategy targets a duration range of 0-1.5 years. Money market securities will require a minimum of A-2/P-2 or better short-term rating, and other fixed income securities will require investment grade or better long-term ratings. Sector and quality parameters allow for flexible investing.

Eligible Investment Universe – Money Market Securities, Government and Government-Related Securities, Supranational Securities, Corporate Securities, Municipal Securities, Residential/Commercial/Asset-Backed Securities.

Strategy Highlights – This strategy employs a time-tested approach of active sector and quality rotation combined with duration management as it pertains to the business cycle. Our global macro outlook and value-oriented approach drives our high conviction positioning. We seek opportunities in the front end of the yield curve with the best risk/reward profile.

Strategy – Tactical, top-down approach seeking undervalued sectors while avoiding overvalued ones within the front part of the yield curve. Emphasis on positive return and current income.

Objective – Seeks to achieve positive returns independent of market cycles, consistent with income generation.

Benchmark – Barclays U.S. Treasury 1-3 Year Index

Characteristics – The strategy targets a duration range of 0-3.5 years. Money market securities will be rated A-3/P-3 or better and other fixed income securities will typically be investment grade or better. Sector and quality parameters allow for tactical investing.

Eligible Investment Universe – Money Market Securities, Government and Government-Related Securities, Supranational Securities, Corporate Securities, Municipal Securities, Residential/Commercial/Asset-Backed Securities, Ultra-Short and Short Duration Exchange Traded Funds, Treasury Futures, Repurchase Agreements.

Strategy Highlights – This strategy employs a time-tested approach of active sector and quality rotation combined with duration management as it pertains to the business cycle. Our global macro outlook and value-oriented approach drives our high conviction positioning. We seek opportunities in the front end of the yield curve with the best risk/reward profile.

Strategy – Tactical, top-down approach seeking undervalued sectors while avoiding overvalued ones across various fixed income sectors and all portions of the yield curve. Emphasis on total return and current income.

Objective – Seek potentially high total return and greater current income and capital appreciation while emphasizing preservation of capital and liquidity needs.

Benchmark – Barclays U.S. Aggregate Index

Characteristics – The strategy targets a duration range of 1-10 years. Fixed income securities will typically be investment grade or better. Sector and quality parameters allow for tactical investing. Exposure to below investment grade and non-dollar exposure may be employed.

Eligible Investment Universe – Money Market Securities, Government and Government-Related Securities, Supranational Securities, Corporate Securities, Municipal Securities, Residential/Commercial/Asset-Backed Securities, Fixed Income Exchange Traded Funds, Treasury Futures, Repurchase Agreements.

Strategy Highlights – This strategy employs a time-tested approach of active sector and quality rotation combined with duration management as it pertains to the business cycle. Our global macro outlook and value-oriented approach drives our high conviction positioning. We seek opportunities across various fixed income sectors with the best risk/reward profile.

Strategy – Bottom-up fundamental stock selection process in conjunction with a top-down macro awareness that uncovers secular and opportunistic growth opportunities. We will construct a concentrated global growth portfolio that is risk aware but not risk averse. Our ability to blend long-term secular growth winners with opportunistic stocks gives us a chance to perform across varying market environments.

Objective – Seeks to achieve positive excess returns above benchmark over a full market cycle through high conviction concentration of positions and long holding periods.

Benchmark – MSCI World Index

Characteristics – The strategy targets 15-30 stock holdings with a 3-5 year holding period for Secular Growth and 6-18 month holding period for Opportunistic Growth. Tracking error will target 400-1500 BP. The strategy will typically be 2/3 Secular Growth & 1/3 Opportunistic Growth. Expect portfolios to be fully invested. Cash is considered a position and we retain the ability to hold at least 50% cash when we are unable to uncover ideas that meet our investment criteria.

Eligible Investment Universe – All Global stocks with a market cap over $1 billion. 50% of the fund can be international stocks in respective domestic currency. Money Market Securities, Government and Government-Related Securities

Strategy Highlights – This strategy employs a time-tested approach of the ability to shift between Secular Growth Stocks and Opportunistic Growth Stocks as investment opportunities arise and allows us to deliver consistent alpha in varying market conditions over time.

Strategy – We employ a global macro approach incorporating bottom-up and top-down analysis across equity, fixed income and currencies. Markets, economic activity and credit cycles factor into our long/short allocation decisions. Our security analysis and portfolio construction are best reflected in concentrated portfolios. We incorporate a disciplined repeatable process honed by years of investment experience. Benchmark agnostic style allows for flexibility and downside protection.

Objective – Seeks to achieve consistent, positive returns independent of market cycles.

Benchmark – Citigroup 3-Month Treasury Bill Index

Characteristics – The strategy can invest across diverse global fixed income, equity and currencies. Derivatives may be used to alter the risk profile of the strategy. Sector and quality parameters allow for tactical investing. The strategy seeks long and short opportunities with the best risk/reward profile.

Eligible Investment Universe – Equities, Money Market Securities, Government and Government-Related Securities, Supranational Securities, Corporate Securities, Municipal Securities, Residential/Commercial/Asset-Backed Securities, Exchange Traded Funds, Bond Futures, Options, Swaps.

Strategy Highlights – This strategy incorporates our investment team’s best ideas into a concentrated portfolio. Our global macro outlook and tactical approach drives our high conviction positioning. The nature of this strategy allows for diversification benefits relative to traditional strategies.