In this podcast, Jack Brennan, CIS Co-Founder & Founding Board Chair, leads a discussion on managing institutional investment portfolios for the long-term. The panelists offer insight on working with varying constituent groups for Catholic institutions, guidance on decision making for committees during periods of stress, and other best practice concepts for boards to consider.
Highlights
- The challenge of managing long-term portfolios in a short-term world
- Staying focused on long-term goals in the midst of short-term noise
- Maintaining focus on end beneficiaries and having a clear investment strategy
- Challenges committees face when focusing on long-term goals
- The importance of stress testing portfolios and setting realistic expectations
- Using absolute returns as a benchmark for portfolios rather than relative comparisons
- The difficult decision-making process of terminating a manager relationship
- The importance of global diversification and selecting stocks from emerging markets with compelling valuations
- Increased dispersion as a theme for the next 10 years, leading to a shift towards active management and hedge funds
- The consensus on the direction of long-term strategies between panel members
- How diversification still works, despite recent underperformance
Episode Resources - Connect with Catholic Investment Services
- https://catholicinvest.org/about-us/
- https://catholicinvest.org/about-us/#board-of-trustees
- https://catholicinvest.org/contact-us/
- Connect with Jack Brennan
- https://catholicinvest.org/about-us/jack-brennan/
