Collaborative Partners with Global Investment Expertise

CornerStone’s principals collaborate with each client to develop a diversified, long-term investment portfolio. Client portfolios are well integrated with their broader organizational mission and strategy.  We are focused on generating investment outperformance and effectively managing the portfolio operations.

The advantages of a leading investment platform with the benefits of an internal investment office.

Established Investment Processes

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  • Investment Policy Toggler

    CornerStone collaborates with the Board, Investment Committee, and staff of each client to develop customized investment policy guidelines. Reflecting each client’s specific objectives – such as return requirements, risk tolerance, payout rates, regulatory considerations, liquidity constraints, and mission-related investing – the investment policy is the foundation for the portfolio that CornerStone will build and manage. Other key components of the investment policy include roles and responsibilities and governance.

  • Asset Allocation Toggler

    CornerStone leads the Board and staff of each client through the process of translating the investment objectives into a long-term strategic asset allocation framework. Our process is valuation-based and incorporates historical data, forward-looking analytics, and our collective experience and judgment. Together we integrate the strategic asset class targets, allowable ranges, and appropriate benchmarks into the investment policy.

  • Manager Selection Toggler

    Manager selection alpha, net of fees, is important to achieving our clients’ investment goals. CornerStone employs a comprehensive manager research and due diligence process refined over many years. Our team uses its expertise and professional networks to identify talented investment managers across asset classes and geographies, including less efficient niche markets. We invest client capital with managers exhibiting consistent, transparent investment practices grounded in fundamental research and analysis. Integrity and alignment of interests are key considerations.

  • Portfolio and Risk Management Toggler

    CornerStone's robust portfolio construction and risk management activities allow us to tailor each portfolio's risk profile to the policy guidelines and investment objectives of each client. We incorporate a range of quantitative and qualitative inputs to manage risk, adjust allocations, and implement rebalancing. Our analytical processes are grounded in valuation analysis, and are oriented toward prudent long-term decision-making rather than short-term market timing.

  • Fiduciary Excellence Toggler

    CornerStone facilitates client participation in programs designed to ensure our collective goal of achieving and maintaining fiduciary excellence. These activities also enable the Board and staff to validate effective oversight of the investment program to their constituencies.

Comprehensive Operations and Administration

In addition to managing investment portfolios for clients, CornerStone offers full-scale back office operational and administrative support as part of our OCIO service. Often considering CornerStone Partners’ operations staff an extension of their own, clients rely on CornerStone for support in a variety of capacities, including, but not limited to:

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  • Performance Reporting Toggler

    CornerStone creates customized performance reports for each client covering detailed manager-level data, portfolio-level exposure data, private fund performance data, and a variety of risk metrics.

  • Accounting and Tax Support Toggler

    CornerStone assists with accounting, audit, and tax support, including confirmation management, investment-related financial statement footnote preparation, and K-1/tax documentation. The firm's operations professionals include a number of Certified Public Accountants and former auditors, and often engage directly with client staff and their auditors.

  • Investment Administration Toggler

    CornerStone conducts essential back-office activities, including investment processing, preparation of contracts and subscription documents, and assistance with AML/KYC queries and forms.

  • Portfolio Reconciliations Toggler

    CornerStone regularly verifies custodian-generated values by reconciling data to independently provided manager statements and recalculating performance.

  • Document Management Toggler

    CornerStone maintains a library of each client’s investment related documentation such as performance reports, custodial statements, manager statements, capital calls, offering and subscription documents, audited financial statements, and K-1s.

Important Disclosure
Past performance is no guarantee of future results. Portfolios of CornerStone Clients are broadly diversified and invested for the long-term across all the major asset classes, including equities, bonds, hedge funds, and private equity, except where noted. It is not known whether the clients approve or disapprove of the adviser or the advisory services provided. This is neither an offer to subscribe nor a solicitation to invest. Investment advisory fees are described in Part 2 of Form ADV for CornerStone Partners LLC.

FAQs

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