Month: November 2022

Jay Willoughby, TIFF’s CIO, is cited in the November 22, 2022 issue of The Wall Street Journal. Jay discussed market volatility, home prices, and the Fed’s efforts to cool inflation.

Read the full article: Stocks Finish Higher in Quiet Session

TIFF Investment Management Appoints Carolyn Patton, CFA as Head of Private Market Client Solutions

Radnor, PA—November 16, 2022 — TIFF Investment Management (“TIFF”), an asset management firm dedicated to delivering comprehensive OCIO services to endowments, foundations, and other charitable organizations, today announced that it has hired Carolyn Patton, CFA as Head of Private Market Client Solutions. Based in TIFF’s Radnor, Pennsylvania headquarters, Ms. Patton will work alongside the investment team optimizing the role of Private Market investments in member portfolios, conducting a holistic analysis of TIFF’s Private Markets solutions, and developing implementation strategy, including portfolio customization.

Ms. Patton joins TIFF in this newly created role from Sustainable Growth Advisers, where she spent nearly three years as Director of Business Development. In addition to working with boutique organizations throughout her 25+ year career, Ms. Patton previously worked in senior strategy and distribution roles at some of the leading investment management firms in the industry including Morgan Stanley Investment Management, Janus Capital Group, Turner Investments, and Deutsche Asset Management.

“TIFF is a mission-based organization that works alongside our nonprofit members to help them meet their investment needs,” said Ms. Patton. “I am proud to join a team of talented professionals who are dedicated to providing exceptional investment counsel to enable charitable organizations, endowments, and foundations to fulfill their missions.”

“In today’s dynamic financial markets, it’s incredibly important to understand our members’ investment goals,” said Brendon Parry, Head of Private Markets at TIFF. “Carolyn brings a deep strategic background to the team. Her extensive institutional experience will be immensely beneficial to TIFF members considering customized approaches to their Private Markets programs.

“TIFF was founded with the goal of allowing smaller nonprofits access to the same investment strategies and premier managers as their larger and better-resourced peers. Our Private Markets offering is differentiated by a targeted and nimble approach, focused on access to exceptional managers and investing in the lower end of the market, both of which we believe are key components for generating alpha,” said Kane Brenan, CEO of TIFF. “Carolyn brings to our team years of institutional client solutions experience. Her expertise will allow us to continue to provide, in our view, best-in-class Private Markets advice and solutions to our members.”

About TIFF Investment Management
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private equity investment solutions to primarily endowments, foundations, and other charitable organizations. Our primary objective is to enhance investment returns for our members while also optimizing their costs and reducing their administrative burden.

For over 30 years, TIFF has strived to be the nonprofit community’s most trusted investment partner. We specialize in providing investment solutions that help our members fulfill their mission and achieve their financial goals. We offer two primary solutions for our members – comprehensive advisory solutions, and more specialized asset class specific solutions.

For media inquiries, please contact pro-tiff@prosek.com.

Cash is an unglamorous – but critical – element of portfolio management. For the past couple of years yields on cash-like instruments were negligible, leading endowments to hold cash in bank accounts bearing little to no interest. This year’s increases in short-term interest rates have changed this calculus. Non-profits are now able to explore more active approaches to cash management which have the potential to realize some additional return in a market environment that has been challenging for all asset classes. TIFF explores how organizations can define cash needs and help identify what strategy may be appropriate for them.

Are investors back to bonds? It’s been a historically bad year for the bond markets. But with valuations in the tank thanks to the Fed’s interest rate hikes, and new securities becoming available at attractive yields, investors may finally be ready to test the fixed-income waters again.

Trevor Graham, Managing Director – Equity-Oriented Strategies at TIFF Investment Management, an outsourced chief investment officer firm, said the team is considering allocating more capital to the bond market as rate hikes continue — a reversal of the firm’s investment strategy from just a few months ago. In June, TIFF replaced some of its fixed-income allocation with hedge funds whose mandate is similar.

Read the full article: When Bonds Stopped Doing Their Job, Investors Searched for Alternatives. Now the Pendulum Is Swinging Back