Client:
Non Profit Museum

 

Background:
The Investment Committee was outsourcing the management of the endowment to a large bank that managed the portfolio in a traditional approach with the bank’s products.

 

Concern: 
The Investment Committee:

 

• Wanted a more customized allocation that reflected the organization’s risk tolerance

• Was concerned with the fees and objectivity of the incumbent manager

 

Resolution:    
FIA was hired to provide a retainer suite of services which included: 

 

• Asset Allocation

• Investment Manager Selection and Monitoring

• Revision of the Investment Policy Statement to better reflect governance and risk tolerance
 

The museum:

 

• Implemented a custom low volatility asset allocation for their endowment 
    o Created a more certain funding scenario for operations

 

• Selected best in class institutional managers 

    o Including alternative managers            

 

• Reduced fees and streamlined custody