Investment Management Philosophy
Glenmede’s investment philosophy starts by focusing on two key objectives. First and foremost, an investment strategy is designed to best meet the goals set in the planning and assessment process. For many organizations, this goal reflects the desire to provide income to meet current spending needs while at the same time growing capital and preserving the real (or inflation-adjusted) value of the assets. The second key objective is to achieve the organization’s goals with a minimal level of downside risks. The strategies that we employ are designed to participate in up markets and outperform in down markets.
How do we strive to achieve these two objectives?
A well-thought-out investment process is a critical element of our success. This process emphasizes
- diversification by asset class, strategy, and manager
- objective and timely allocation to undervalued assets
- Glenmede’s best investment ideas
- access to endowment-quality investments
An experienced portfolio manager also plays a large role. Every relationship is assigned a portfolio manager who personally oversees a client’s investments. Many firms mandate a client’s investment specialist must follow a set program determined by a centralized authority. Glenmede’s investment strategy, specifically designed for foundations and endowments, does act as a sensible and well-considered starting point for investment discussions. Glenmede’s portfolio managers, however, have the discretion to customize a portfolio to the organization’s specific needs.