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The Steward - February 2025 |
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Welcome to the latest edition of our Steward Newsletter for nonprofit investors. This issue explores the dynamic world of private markets and hedge funds. These investment vehicles seek to offer nonprofit organizations opportunities to diversify their portfolios and potentially enhance returns. And don't miss the replay of our 2025 Essential Economic Update, providing an overview of our 2025 Outlook. |
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Insights and Perspectives |
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Navigating Private Markets:
Key Considerations for Endowment and Foundation Portfolios |
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By: Taylor Furmanski, CFA
Principal, Senior Consultant |
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Over the past few years, public equity market returns have outpaced private market returns. For the period ending June 30, 2024, the S&P 500 Index has gained 24.6% over the trailing twelve months and 10% annualized over the trailing three years.1 Comparatively, the U.S. Private Equity Index has gained 7.1% over the trailing twelve months and 6.9% annualized over the trailing three years.2 However, if looking beyond... Read More >
1,2Cambridge Associates. As of June 30, 2024. |
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Are Hedge Funds Suitable for My Nonprofit Organization's Portfolio? |
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In our 2025 Outlook, “Bridging the Divide” we highlight “The Age of Alpha” in markets due to valuations, concentration and volatility. These factors create a foundation for active management, strategic portfolio construction and a focus on the evaluation of alternative asset classes. With that in mind, it is worth revisiting the role of alternative investments, which are a main source of... Read More > |
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By: Eric Ramos, CFA
Principal, Senior Consultant |
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What do you enjoy the most about working at Fiducient?
I enjoy the teamwork most, it sounds cliché, but it is true. I work with a great group of people who are knowledgeable, supportive and dedicated to our unified goal - Helping Clients Prosper - so they can fulfill the missions of their organizations. |
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Joseph Diogostine
Senior Consulting Analyst |
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What does a typical workday look like for you?
First, I respond to emails, review my calendar and then begin managing client portfolios. This might mean implementing a dollar cost averaging program to systematically invest a large deposit in a client’s endowment portfolio, reviewing a foundation portfolio to help ensure there is enough liquidity to support their community grants, or collaborating with a consultant to amend a client's investment policy statement. There are many interactions across operational areas as well, such as joining the Discretionary Investment Committee for a review of portfolio performance or checking in with a member of our research team to discuss the suitability of an investment in a client’s portfolio.
What do you like to do when you’re not at work?
I enjoy spending time with my wife and two daughters. Being a “girl dad” is awesome! In the summer months, we enjoy vacationing in Ogunquit, Maine and at our family home on Campobello Island, N.B. where we comb the beaches and enjoy everything island life has to offer. |
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| Contact Us |
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This report is intended for the exclusive use of clients or prospective clients (the “recipient”) of Fiducient Advisors and the information contained herein is confidential and the dissemination or distribution to any other person without the prior approval of Fiducient Advisors is strictly prohibited. Information has been obtained from sources believed to be reliable, though not independently verified. Any forecasts are hypothetical and represent future expectations and not actual return volatilities and correlations will differ from forecasts. This report does not represent a specific investment recommendation. The opinions and analysis expressed herein are based on Fiducient Advisor research and professional experience and are expressed as of the date of this report. Please consult with your advisor, attorney and accountant, as appropriate, regarding specific advice. Past performance does not indicate future performance and there is risk of loss.
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