Serving on the investment committee or leadership team of a foundation, endowment or charity is the ultimate act of stewardship. In these roles, board members must protect the financial interests of the organization, abide by all relevant regulation and set a course that future stewards can follow.
We help these non-profit entities and their leaders by acting as a fiduciary to the fiduciaries. In addition to providing investment advice and portfolio management, LBA shares our experience and independent perspective to help committee members implement practices that promote efficient operation and inform prudent decision making.
An important element of this work is establishing an investment policy statement (IPS). The IPS acts as a roadmap for the committee, describing the organization’s investment strategy, goals and constraints. Once an IPS is in place, it guides the committee in asset allocation, security selection and other critical decisions. Further, it provides continuity and clarity as board member terms expire and new members join the board.
– Notable – Debt ceiling increase, COVID impacts to entertainment decisions, net worth for US households
– Company Highlights – Amazon, American Tower, Johnson & Johnson, Microsoft, Edwards Lifesciences
– On Our Minds – Back to the Future: The Metaverse
– Notable: Thanksgiving travel, semiconductor shortages, heating costs, shipping industry delays
– Company Highlights: Enterprise Products Partners, Novartis, Par Technology, Emerson, Canadian National Railway
– On our Minds: Inflations and Corporate Margins: A Thought Exercise
In this newsletter edition we cover the following:
– Understanding the Yield Curve
– Enhancing Privacy and Security to Protect Against Identity Theft
– Inflation and Deflation: The Ongoing Tug-of-War Underpinning the Inflation Debate
– Managing Through Life Events
– The Fed’s Ongoing Yield Curve Control Is Becoming More Apparent
– Why Does October Spook Investors?