Institutional Consulting

Asset Allocation and Liability Studies

• Performing comprehensive liability analysis
• Coordinating liability analysis findings with the client actuary
• Calculating and projecting Fund solvency
• Establishing asset classes and benchmarks
• Establishing long-term market-return expectations and correlations for the asset classes
• Recommending appropriate risk tolerances, and
• Recommending appropriate long-term asset allocation targets and ranges

Investment Policies Guidelines and Implementation

• Performance benchmarks and objectives
• Targeted portfolio structures
• Risk parameters
• Allowable investments
• Program roles and responsibilities
• Program cost effectiveness
• Participate in annual planning sessions with the Board and staff
• Strategic and tactical approaches, and
• Rebalance funds in coordination with the IPS to maintain/implement establish objectives

Performance Monitoring and Reporting

• Reconciling performance figures with the investment custodian
• Provide quarterly performance evaluation reports consistent with respective benchmarks, performance objectives, guidelines and risk levels
• Provide expert market commentary and trends
• Compliance and exceptions to policies, strategies and guidelines
• Asset transition cost reports prepared in conjunction with the client designee, and
• Performance vs. benchmarks and objectives
  • Asset class composites
  • Market managers, and
  • Other reports as requested

Due Diligence for Public and Private Market Managers