We have enjoyed decades long partnerships with our non-profit organizations. 每个组织都有独特的需求、机会和挑战. We co-create portfolios with you by taking into account the unique challenges that face each board. 拉菲娱乐平台的投资组合是长期的, 考虑到短期的需要. 拉菲娱乐平台的投资流程包括:
- 战略 & 战术资产配置框架
无论是股票, 债券, 现金, 液体的替代品, 或私人投资，如股权, 债务, 和房地产, 选择正确的资产组合至关重要. 事实上, numerous studies on the topic have concluded that a substantial percentage of returns can be explained by the asset allocation decision, rather than the selection of individual securities within the asset class.*
We focus on capital preservation and downside risk management in all of our allocation policies. We believe in a global approach to allocation to mitigate risks of home country bias. We balance the science and art of asset allocation by taking into account a wide variety of inputs:
- Construction of efficient frontier through mean variance optimization
- Organization’s liquidity needs, risk tolerance, and behavioral factors
*研究包括Brinson (1986)， Ibbotson & 卡普兰(2000)，亨塞尔，埃兹拉和伊尔昆(1991)
Our Consultants and Research team undertake a rigorous due diligence process when selecting investment managers. We employ an independent approach that limits conflicts of interest because we do not offer proprietary investment products. Our job is to find our clients the best investment strategies within each asset class and implement the strategies in the most efficient ways. Our decision to not provide our own investment management products puts us on the same side of the table as our clients as we have no vested interest in any particular strategy. 拉菲娱乐平台的研究过程包括:
- In-person meetings provide a qualitative assessment of the managers
- 持续监控和寻找新的资金, 包括收听每季度的电话, 主持投资委员会会议, 出差去见经理
- Our proprietary focus list provides a framework for reviewing managers and taking action
Creation of the 投资政策声明 (IPS) is a crucial step towards preparing your organization for long-term success. The IPS allows for seamless transitions of board members and investment managers. IPS应该概述如下:
- 各方(董事会成员)的角色, 小组委员会成员, 顾问, 经理)和每个成员的受托责任, 如果适用的话
- 战略资产配置目标 & 战术资产配置范围
- Outline investment categories or types that are excluded from inclusion in the portfolio
While in some scenarios a spending policy is rather cut and dry due to legal or other guidelines, in other cases setting the right spending policy can be a challenge.
作为受托人, you are tasked with making decisions that are in the best interest of your endowment, 基金会, 或组织. 相互竞争的利益, 板动力学, and improper assumptions can anchor an organization to the wrong spending policy.
有几十年的机构工作经验, we have a unique vantage point that allows us to consult with your board to help balance ongoing liquidity needs with the need for an endowment to live in perpetuity.
金融投资教育是拉菲娱乐平台服务的核心. We understand that your board members and other people who run your organization are extremely busy managing careers, 家庭, 和志愿工作. We enjoy providing ongoing education tailored to your team and especially your new members.
Education can vastly improve your board’s decision making process and can mitigate the risk of grid lock and slow decision making. Our goal is to help drive efficient and thoughtful decision making so that your organization can focus on serving its mission. 拉菲娱乐平台与您合作，实施一个健全的投资流程.
Everyone at 卡罗莱纳州投资咨询 is committed to service that exceeds expectations. 拉菲娱乐平台是为您和您的特殊需求服务的.
Our third party performance reporting software provides a comprehensive view into the financial health and ongoing success of your organization.
We happily provide our boards with ongoing reporting and commentary as part of our service model. 简单地说, we offer fully custom performance reporting to ensure that our presentations are built to serve you.