We believe that over long periods of time, equities help build wealth and increase the likelihood of meeting spending requirements and maintaining purchasing power. Our public equity program focuses on long-term capital appreciation using third-party managers. Our Liquid Markets team selects managers with a global mandate that are long-term oriented and focused on tax efficiency.

Hedge funds are an important component of investing when their purpose and portfolio construction are clearly defined. Our low-volatility strategy has a flexible investment mandate which utilizes both long and short sides of the market which are engineered to target a rate of return between global stocks and U.S. fixed income.

Our private market strategies strive to achieve long-term capital appreciation that generally outperforms public markets. Our Private Markets team invests in small, sector-specific funds as well as larger funds with historically low loss ratios. The team also invests in private companies, with asymmetric risk-reward profiles, sourced through a variety of PE relationships.

Investment opportunities that fall outside of the traditional asset categories and may offer appropriate risk-adjusted returns.  These types of investments include private credit, certain energy-related investments, mineral rights, commodities, infrastructure, and other niche investments.

Through our relationship with the Trammell Crow family, we offer a unique perspective on commercial real estate investing in both development & acquisition alike.  As an asset class with unique characteristics, benefits, and capital requirements, real estate plays an important role in a well diversified portfolio

Our view is that fixed income is a core component of a well-diversified portfolio and exposure should be maintained even in low or rising interest rate environments. We believe that short duration strategies and municipal bond strategies provide safety of principal and a moderate rate of return. Fixed income allocations based on expected liquidity needs reduce the likelihood of being a forced seller of risk assets such as equities during market downturns.