Save the Date! TIFF 2024 Investment Forum October 2024, click here.
Webinar: State of the Markets Macro Economic Check-In

Jay Willoughby, CIO at TIFF, participated as a panelist in a recent webinar, “State of the Markets Macro Economic Check-In”, with Catholic Investment Services. Jay sat down with Jack Brennan, CIS Founding Chair and Former CEO of Vanguard, and Ted Disabato, Managing Principal/Consultant at Meketa Investment Group, to discuss the current state of the financial markets, the effects of inflation and other dynamic factors, and the risks and opportunities ahead for institutional investors.

Watch the replay of the webinar through the link below.

CIS Webinar: State of the Markets Macro Economic Check-In

Please note that this webinar has been edited from its original recording to shorten its length. This webinar is for general informational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy securities. The asset classes discussed may not be suitable for all investors. All expressions of opinion are subject to change. Past performance does not guarantee future results. All investments are subject to risk, including the possible loss of principal.

 

TIFF Roundtable: ‘What Fresh Hell is This? Lessons Learned by Nonprofits During the Pandemic’

TIFF Investment Management is a mission driven OCIO delivering excellence in investment performance. More broadly, TIFF’s mission is to hold events to discuss issues and provide access to exceptional thought leaders in endowment management to help give opportunities to share ideas and concerns with industry peers that you may experience on a day-to-day basis.

Recently, TIFF hosted a roundtable breakfast and networking event featuring Judith Durkin Freyer, CFA, Chief Investment Officer Emeritus of The Board of Pensions of the Presbyterian Church (USA), Valerie Martin, CPA, Chief Financial Officer of the Connelly Foundation, and Shane McAndrew, CFA, Chief Investment Officer of Villanova University. The discussion, moderated by Kane Brenan, CEO of TIFF, took the audience back to March 2020 at the onset of COVID-19 and how their nonprofit organizations managed enterprise, investment, and governance level challenges. We were excited to be back at this in-person event held at the Union League of Philadelphia.

Judith Durkin Freyer, CFA
Judy is the Chief Investment Officer Emeritus of The Board of Pensions of the Presbyterian Church (USA). Over her 30-year tenure she grew the boards assets for approximately $2B in 1988 to close to $11B when she retired in 2020. Judy has stayed extremely busy in her retirement serving as Director, Committee Member, and Chair of numerous nonprofit endowments and foundations including the Curtis Institute of Music, William Penn Foundation, The Library Company of Philadelphia, The Ministers and Missionaries Benefit Board, among others.

Ms. Freyer received a B.A. from Manhattanville College, an M.A. in economic history from the University of Pennsylvania, and an M.B.A. from Boston University.

Valerie Martin, CPA
Valerie joined the Connelly Foundation as CFO back in 2019. Previously, Valerie spent 15 years as CFO of the John Templeton Foundation. She is an active volunteer serving as Vice Chair and former Treasurer for the Alliance for Health Equity; Board Member and Treasurer of Let Freedom Ring; Audit Committee Chair and former Board Member for the Philanthropy Network of Philadelphia; Webinar Co-Chair for the Communications Committee; and former board member for the Foundation Financial Officers Group (FFOG).

Ms. Martin received a B.S. in Accounting from the Alfred Lerner College at the University of Delaware.

Shane McAndrew, CFA
Shane is the Chief Investment Officer of Villanova University. Shane was the first individual hired at Villanova to establish their dedicated investment office. Prior to Villanova Shane spent 7 years as Director of Investments at the Ludwig Cancer Research. He led their expansion into private global markets, as well as led their research effort in both traditional asset classes as well as alternatives.

Mr. McAndrew earned a B.S. in Finance from Fordham University. He is a member of the CFA Society Philadelphia at the CFA Institute.

Please contact memberservices@tiff.org for information about future events.

Stayin’ Alive: The Importance of Risk Management in a Risky Market

Investors have endured a challenging six months in the markets as multiple macro-economic events have driven uncertainty to near-term highs. With risk being top of mind for investors, we believe it is useful to discuss how TIFF approaches risk management within our Diversifying Strategies team. In our new white paper, “Stayin’ Alive: The Importance of Risk Management in a Risky Market”, we aim to:

  • Introduce some of the metrics and tools we use to monitor risk
  • Explain the philosophy behind how we measure hedge fund risk management
  • Help readers gain a better understanding of why risk management is critical to long-term portfolio performance
  • Bonus: recommend some great tunes to listen to while reading the paper!
TIFF Asks Whether It’s Time to Invest in Floundering Growth Stocks

“Being down this much in this short period of time — that gets our attention,” says Trevor Graham, head of equities.

Value investing may be back, but TIFF Investment Management, a firm that provides outsourced chief investment officer services, is already reconsidering growth investments.

“We’re now looking at deeply-out-of-favor areas of growth,” said Trevor Graham, head of equities.

Read the full article, Institutional Investor: TIFF Asks Whether It’s Time to Invest in Floundering Growth Stocks

Equities Core, Smaller Managers Key to ‘Excess Returns’ for Endowments: Report

As market conditions look set to change dramatically, higher-education endowments can still achieve excess returns if they go about building their portfolio with strong equities exposure and strategies from smaller managers, according to a recent paper from TIFF Investment Management.

“We would argue that the excess returns that some of these organizations earned, and that we have earned in the recent past, are in fact sustainable,” said Matt Hoehn, co-head of customized asset allocation for the outsourced chief investment officer.

Read the full article, FundFire: Equities Core, Smaller Managers Key to ‘Excess Returns’ for Endowments: Report