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 constituents.

CornerStone’s robust portfolio construction and risk management activities facilitate an investment portfolio with a risk profile customized 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 oriented toward prudent long-term decision-making rather than short-term market timing.

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.

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.

CornerStone collaborates with clients’ Board of Directors, Investment Committee, and Staff 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 Statement 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.