better partnerships lead to better outcomes...case study example 1 –infrastructure manager...
TRANSCRIPT
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
8
Benefits of Building Better Partnerships
•Improved Opportunities (higher returns)
•Lower Fees
•More Niche (non-beta) Opportunities / Risk Profile
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