better partnerships lead to better outcomes...case study example 1 –infrastructure manager...

Better Partnerships Lead to Better Outcomes

David J. Holmgren

Chief Investment Officer

Hartford HealthCare (HHC)

Creating Added Value (HHC annualizing excess of 1.50%)

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HHC’s Drivers of Returns

Asset Allocation………(leaning towards Japan & emerging markets)

Style Tilts…………..……(leaning towards small cap & value)

Factor Tilts………….......(leaning towards quality)

Manager Selection……(active, active, active)

Partnering………….….????????????????

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Maximizing the manager relationship

Asset Owner Investment

Manager

knowledge transfer

money transfer

investment opportunities

mutual benefits

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Steps asset owners take

KEY THEMES

OF INNOVATIVE

COMPANIES FOCUSED

ON GLOBAL WELLNESSAsset Owners

need to be

continually

engaged

Articulate Expectations

Request Feedback

Offer Support Regular

Conversation

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Case Study Example 1 – Infrastructure Manager

Infrastructure Manager obtains

desired portfolio asset before their

fund’s holds first close.

• Opportunistic

• Flexible

• Expeditious

• Trust Worthy

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Case Study Example 2 – Private Equity Manager

Private Equity Manager expands

portfolio platform into new fund

strategy.

• Knowledgeable

• Flexible

• Open minded

• Reputation

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Benefits of Building Better Partnerships

•Improved Opportunities (higher returns)

•Lower Fees

•More Niche (non-beta) Opportunities / Risk Profile

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