Endowments & Foundations

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

Ongoing Success:
The museum:

  • Implemented a custom low volatility asset allocation for their endowment
    • Created a more certain funding scenario for operations
  • Selected best in class institutional managers
    • Including alternative managers
  • Reduced fees and streamlined custody