It’s not about the investment manager, it’s about correctly allocating assets.
The governance
and oversight of
capital pools is
a Board
responsibility,
typically
delegated to
their Investment
Committee. These
“Stewards” have
a fiduciary
responsibility
to stakeholders
and to the
organization to
protect assets
and have funds
available for
future
commitments and
liabilities.
They must also
understand the
rising
complexity of
investment
choices in
global capital
markets and
regulatory
reform. However,
these Stewards
face complex
challenges in
delivering this
mandate, as
depicted in the
diagram below:
Institutional
Wealth
Management
Realities
Perhaps the greatest challenge is that the success of the Investment Committee is often measured by whether their particular manager is beating the others in a particular asset class. If not, their solution is typically a decision to change managers. In our experience however, this rarely improves performance, and always increases costs.
At Highview, our clients benefit from our decades of capital market experience advice. We focus on how your assets are allocated to meet your investment goals, provide “best in class” fiduciary governance, and provide the overall guidance and structure appropriate to ensure your assets are managed with utmost care and consideration of your consumption goals. We are a licensed portfolio manager that assumes the regulatory risk and fiduciary responsibilities for institutions unwilling or unable to develop this important capability in-house.
