The Armillary Group understands the unique challenges of the philanthropic community. The ability to establish and fulfill the long-range mission of your foundation requires both strategic vision and sound investment insights. Our investment professionals incorporate their understanding of your foundation's policies and operations to ensure that we provide investment advice that helps fulfill your institution's mission.
Investment Planning Process
We utilize a five-step process to select, monitor and assess investment managers.
Step 1: Initial Screening. After your asset allocation has been decided and our asset mix has been approved, we begin the process of selecting investment managers. We target institutional-class managers that have strong investment capabilities, consistent performance, style integrity, experienced management, conscientious fee structures, and sound business practices.
Step 2: Evaluation. We perform rigorous quantitative analyses to evaluate each investment manager's past performance relative to peer groups and relevant benchmarks. We also conduct in-person and telephone interviews for further due diligence. A subset then moves to the next round for further analysis and approval.
Step 3: Analysis, Review & Selection. Selected managers will be interviewed to evaluate their expertise, research capabilities, buy-sell discipline, and risk-management techniques. Additional qualitative analyses are conducted including a review of business practices and transparency of investment process. To make our recommended roster, we must have complete confidence that the manager makes a compelling partner for you.
Step 4: Review. Once selected, reviews are performed on each manager which includes performance benchmarking, attribution and tracking error analysis, and consistency of investment style.
Step 5: Assessment. Managers may be replaced due to deviation from expected investment process, loss of key personnel, a change in your objectives, style drift, or for substantial performance issues.