Cornerstone, An Investment Advisory Firm

When considering GSA’s strategic direction, we should first build an understanding of its relative position within the private equity market. GSA’s current value proposition to its clients is: 1) Greater accessibility to private equity firms through GSA’s customized services, allowing less sophisticated clients to progress from a passive fund-of-funds investor into a direct private equity investor, removing the intermediation between the GP and the client; 2) A strategy of “vintage-year diversification”, whereby GSA contributes to funds over a number of different years in order to gain access to many different types of funds; and 3) A compensation structure that is weighted towards carried interest at the expense of fees, ensuring an alignment of interests between GSA and its clients. These strategies have helped the fund retain large and important

1. How has the Investment Office selected, compensated, and controlled private equity fund managers? What explains the differences between their strategy in private equity with that in other asset classes (e.g., real estate)?

Based on given conditions our recommendation is to launch AssetsGuard insurance product line for the following reasons:

Chuck Whitman is a degree holder in finance from DePaul University. Before the establishment of ICM, he worked as a portfolio executive for quite a few wealth management companies with the main objective of gaining as much awareness and experience about the industry and its operational techniques as possible. This enthusiasm to learn is what has led him to successfully establish two of the most well-known establishments in the country. Under to his excellent supervision, ICM group scored the 4th rank in the Wealth management business sector in

CIBC’s Wealth Management sector provides clients who have money to invest with investment and advisory solutions from a team of almost 1500 employee’s throughout Canada. There Strategic Priorities include attracting new clients and deepening relationships with existing clients, seek new clients to source investments, and chase new investments and acquisitions (CIBC).

I am pursuing a Summer Analyst consulting internship at Cornerstone. During an information session, the consultant from Cornerstone spoke about the values of Cornerstone and the mission to apply financial analysis in order to aide litigation proceedings. After further investigating Cornerstone, I became enthralled with its commitment to generating solutions to complex problems for clients across multiple industries. I’ve read that there is no “typical” day in the office at Cornerstone, as each day provides unique challenges and opportunities, and this aspect of uncertainty is extremely appealing. The impact that Cornerstone has made through its critical analysis is impressive, and I want to be a part of the influence that Cornerstone has on

One of the methods utilized by this company is an asset allocation model, this model offers the clients multiple strategies they can use such as investing in growth fund this plan does not have much payout for the investor and the risk is higher. The next is Income fund

Portfolio management supports an organization’s mission and goals by ensuring the program is managed properly and the timing is on a set schedule. Portfolio management supports the accomplishments and the preferred outcomes. The tools and techniques involved assist with the efficiency and the effectiveness. The portfolio management supports in the organization utilizes the resources where they can be applied throughout the organization. Portfolio management assists with creating the operational needs throughout the period of the project. The portfolio management achieves with the vision, mission, and goals and even identify the risk. The time cost and all resources that would be required help identifying within the goals.

“Typical art funds” here are defined as those diversified funds that modeled on mutual funds and private-equity funds. The subject of art funds has seen about as much enthusiasm as it has criticism from both the art and financial industry. Art funds have been mostly criticizing for the illiquidity and high transaction costs. In spite of the market inefficiencies that characterize the art world, art funds have growing appeal when they come to portfolio diversification, asset protection, economies of scale, and financial long-term solvency. This SWOT analysis identifies the internal and external factors that affect the performance of art funds, giving directions for future development.

Yale’s investment philosophy is one of the critical factors that played into the success of the fund’s performance in the past years. The philosophy is based on 5 principles: focus on equity, diversification, opportunities in inefficient markets, outside managers and alignment of manager’s incentives with Yale’s interests. In the paragraphs below I will discuss how each of these principles is reflected in the endowment’s asset allocation, as shown from Exhibit 1.

In this case, we have really two different points of view: in one side, there is Philip Anderson, the Phoenix branch manager of Stuart & Co., who manages a team with his ways, his idea, his experience but the results do not reach the targets fixed by the firm. In the other side, there is the direction of Stuart & Co., which has opposite ideas to Philip Anderson.

In 2005, the vice president, chief investment officer, and their investment team met in order to compose a new asset allocation policy for the foundation’s investment portfolio worth $6.4 billion. One of the proposal’s suggestion was to reduce the overall exposure of the investment portfolio to domestic public equities. The proposal would also increase the allocation to absolute return strategies (with an “equitizing” and “bondization” program) and to TIPS. The new policy would slightly increase the Sharpe ratio of the foundation’s portfolio. They also needed to make a decision on a recommendation to pledge about 5% of the total value of the portfolio to Sirius V, which was the latest fund that specialized in global distressed real estate investments.

Under the net revenue agreement, Palomar has to participate in shared risk pools with other medical groups. These increase the organizations risk of paying additional amounts to the medical groups or receiving an additional reimbursement. Other key risk associated with Palomar Health include: interest rate risk, credit risk, concentration of credit risk and custodial credit risk (Palomar Health, 2015, pg.25).

The White Paper outlines a business proposal for introducing Investcorp into the Swiss market that can offer the company an expansion in their sales, marketing, and clientele. Investcorp is a multifaceted company that deals with various corporate investments, real estate, alternative investment solutions, and credit management. The company has excelled in catering and serving private clients wealth and assets with institutional clients such as Tiffany & Company. Our purpose and objective is to illustrate how investing in Switzerland is not only compatible but profitable for the company. Switzerland is one of the world’s wealthiest, modern, and stable economies with one of the smallest taxation fees within the international market. The

Blackstone Group L.P. (NYSE:BX)’s size does provide a competitive advantage that could transform to sustainable growth over a longer period of time. Larger alternative asset managers have been the recipients of a tendency to consolidate assets, which is expected to continue onward. Blackstone 's 2-and-20 fee structures on assets under management give it significant operating leverage, and allow it to support excellent margins among rapid growth. Blackstone is the leading option for many pension funds, endowments, family offices, etc. Having the “Blackstone” brand name as a leading competitive advantage.