FundFire article "Endowments and Foundations Warm to New Portfolio Framework" included comments from NEPC's Tim McCusker, CIO and Partner.
A year after introducing a new portfolio construction approach to its clients, NEPC has seen endowments, foundations among the biggest adopters so far.
Last December, the investment consultant began formally recommending that its clients allocate their portfolios based on each asset classes’ underlying beta exposure rather than a traditional framework, as reported in May.
The new mindset has been picking up steam with some of NEPC’s endowment, foundation, private wealth and hospital clients, says Tim McCusker, CIO at NEPC.
Read the full article on FundFire's website. (Subscription required)