Category: Press

Bitcoin declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels.

Bitcoin Slips After Best Month of 2022 as Traders Weigh Recovery

Increasing complexity of assets. A need to move quickly to adjust to volatile markets and uncertainty. Those are just a few of the reasons why industry experts and consultants say demand for outsourced CIO managers will only continue to grow.

According to data compiled by Pensions & Investments, OCIO assets managed for institutional investors worldwide with full or partial discretion surged to about $2.66 trillion as of March 31, up 5.4% from 2021 and 86.1% from 2017.

Volatile markets, growing complexity underscore demand for OCIO

Investors have committed billions of dollars over the past several years to fund managers that buy modest stakes in private-equity firms, but some of those same investors now want to go it alone.

“Private equity is a great business to own with highly recurring revenue, high free cash-flow margin, large upside kicker in the form of [profit shares or] carried interest,” said Brendon Parry, managing director of private investments with TIFF Investment Management. The nonprofit organization, which acts as an outsourced chief investment officer for other nonprofit groups and foundations, is considering investing directly in firm-management companies.

More Investors Consider Direct Route to Owning Stakes in Private Firms

With fixed income falling short in protecting on the downside, TIFF Investment Management is betting on hedge funds to help diversify some investment risks.

Despite the bad headlines and their mixed track record, TIFF Investment Management, will keep betting on hedge funds to soften the blow of market stress.

Traditional Managers Have ‘Nowhere to Hide.’ Can Hedge Funds Pick Up the Slack?

Radnor, PA – June 27, 2022 – TIFF Investment Management (“TIFF”), the not-for-profit OCIO focused on serving nonprofits with $7.8 billion AUM, including committed capital, today announced it has appointed Alyssa Rieder, Chief Investment Officer at CommonSpirit Health, and Rick Slocum, Chief Investment Officer at Harvard Management Company (“HMC”), to the Board of Directors of TIFF Advisory Services, Inc. Alyssa and Rick join the Board that includes some of the most prominent CIOs, CEOs, and leaders within the nonprofit investment industry.

Their investment expertise along with their extensive knowledge of the nonprofit industry will support TIFF’s asset allocation and portfolio construction, provide general market and investing insights, as well as experienced Board governance and oversight.

Alyssa oversees the investment team at CommonSpirit Health and its $50 billion investment program comprised of corporate, retirement, foundation, and self-insurance assets. She led the ten-fold growth of the program through a combination of organic growth and merger integration, demonstrates a thorough understanding of enterprise risk implications for strategic asset allocation, and is a recognized leader in sustainable investing. Alyssa’s previous experience as an equity portfolio manager, deep and diverse investing network, and established strength in manager selection will contribute greatly to TIFF’s mission.

Rick oversees the investment team at HMC and a portfolio of more than $53 billion. Alongside the CEO, they recently led a multi-year restructuring of HMC, transitioning the investment model to focus almost exclusively on external asset managers while also working with the University to identify the appropriate level of risk for their endowed funds. From his decades of experience in the financial industry, Rick brings a skill set that will greatly benefit TIFF, including a strong track record of building portfolios, designing asset allocation, and private equity investing.

For more information on TIFF’s Board, visit: https://tiff-staging.durkancloud.net/people/#board-of-directors.

About TIFF Investment Management
TIFF is a mission-driven, not-for-profit organization focused on delivering investment solutions to foundations, endowments, and other charitable institutions. Since its inception in 1991, TIFF has served the non-profit community by providing experienced manager selection and access, risk-sensitive asset allocation, and integrated member service to institutions with long-term investment horizons. For more information, visit: www.tiff.org.

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