1 / 10

Endowment Trustees Report (Long-Term Investment/Endowment Fund)

Explore the latest market trends impacting investment portfolios, including volatility, profit cycles, and global trade tensions. Gain insights on managing assets effectively in a changing financial landscape.

robertsonh
Download Presentation

Endowment Trustees Report (Long-Term Investment/Endowment Fund)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2017 – 18 ET #6.1.2 2017 – 18 EBD #13.2 (2018 Spring Meeting) Endowment Trustees Report(Long-Term Investment/Endowment Fund) Rod Hersberger – Senior Trustee Thursday – April 19, 2018 Saturday – April 21, 2018

  2. Exhibit #1 Issues Impacting the Market • Volatility in US stocks had one of its biggest quarterly rises ever • Volatility was impacted by investor concerns over inflation, rising interest rates and growing global trade tensions (tariffs on steel and aluminum) • Volatility is expected to continue rising as monetary policy continues its tightening cycle • Technology stocks took the brunt of the market downturn over fears of greater government regulation for the industry • The profit cycle remains a cornerstone of the current bull market and corporate earnings growth continues to be strong • The yield on the benchmark 10-year Treasury Note posted its third consecutive quarterly gain • Despite the uncertainty over current issues facing the market, the economic outlook remains positive

  3. Exhibit #2 Market Value, Book Value and Return @ 3-31-18$44,821,221* -0.5% 15.8% 6.8% -2.9% 17.5% 7.7% *Calendar year to date through 3-31-18

  4. Manager Allocation and Style Exhibit #3 *MLPA is a platform under which ALA can access different managers of various investing styles in the form of mutual funds and ETF’s - 9 managers.

  5. World Market Performance - Calendar Year Market Returns @ 3-31-18 Exhibit #4 CAC 40

  6. Time Weighted Rate of Return Exhibit #5 *Rate of Return

  7. Manager Performance @ 12-31-17- 1, 3 and 5 Years - Exhibit #6

  8. Exhibit #7 Four Month Summary of Endowment Fund @12-31-17 Source: ALA Financial Reporting System

  9. Work of the Endowment Trustees Recent Trustee Actions Exhibit #8 • Held the Trustees annual education meeting in NYC in February • Made no recommended changes to the portfolio’s asset allocation between equites (64%), bonds (24%) and alternatives (12%) • Still pursuing a consultant for a strategic review of the endowment • Reviewing additional support to the General Fund (New Business Development) • Discussed, reviewed and provided input on a succession plan for the Senior Trustee position • In the process of fulfilling the Council request to review portfolio holdings

  10. Thank you

More Related