CROW POINT PA RT N E R S , L L C Outsourced CIO Solutions
FIRM OVERVIEW Crow Point Partners, LLC is a $1 billion asset management fjrm headquartered near Boston, MA that employs a disciplined approach to global investment management using both a qualitative and quantitative research process. Crow Point Partners provides investment management services to institutions and individuals through a family of 16 mutual funds and separate accounts The OCIO investment team at Crow Point Partners have been managing solution based portfolios for over 30 years at some of the worlds most well-respected asset management fjrms, including Lazard Asset Management and UBS. WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 2
OCIO SERVICES A complete product and service bundle We can build you a CUSTOMIZED global investment platform that is designed to meet a wide range of investor needs so you can focus your attention on growing and managing your business. CUSTOMIZED SOLUTIONS CORE STRATEGIES SUPPORT EXECUTION Crow Point can create Broad, global strategies Crow Point can create Full service trading desk, as customized solutions to meet designed to meet any and all collateral materials needed to well as middle and back any type of client request client suitability requirements support any manner of client offjce functionality reduces communications operational headaches for advisors WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 3
OUTSOURCED CIO PLATFORM BENEFITS Creating leverage in the RIA's business model Eases RIA's fjduciary burden Customization Possible with every client -Crow Point has CPP creates a pool of diverse the ability to create a wide range of invest- strategies designed to satisfy 100% of ment solutions. client allocation needs. Simplifjcation Time Savings Concentrated portfolios perform better Crow Point is continuously evaluating and reduce clutter on client statements; other managers and strategies –frees the most advisor’s over-diversify. advisor from diligence burdens to focus CROW POINT on gathering assets. PA RT N E R S , L L C Low cost all-inclusive platform Marketing Support Cost savings from money management CPP’s investment staff can create services can be applied to other advisor collateral materials for client service and business line items. marketing. WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 4
ENABLING A FOCUS ON CORE COMPETENCIES Outsourcing the CIO role creates effjciencies that allow the advisor to focus on growing and managing his or her practice 1 Portfolio Management Crow Point creates the differentiated and high performing strategies that set you apart from your competitors. 2 Diligence Screens We run multi-manager strategies now and have a massive data base of evaluations on other managers and strategies–let us do the screening for you. 3 Networking Outsourcing is an access trade–plug into our network to get access to managers, strategies, and securities not available to other advisor’s. WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 5
OVERVIEW Comprehensive Solution 1 • Total portfolio solution for all asset classes • Simple and transparent structure Modular Framework 2 • Customizable investment framework • Optimized for various client objectives • Designed to meet wide range of investor needs Risk Management 3 • Key element in the investment process • Varying exposures to a wide range of diversifjed asset classes • Monitor & Re-Allocation Process WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 6
OVERVIEW Modular Framework for Various Client Objectives MODERATE 50% - 70% Equity AGGRESSIVE CONSERVATIVE 70% - 85% 30% - 50% Equity Equity 85% + 15% - 30% Equity Equity CROW POINT PA RT N E R S , L L C PORTFOLIO GROWTH INCOME SOLUTIONS WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 7
INVESTMENT PROCESS Opportunity Set = All Global Asset Classes Core Allocation 1 CORE GLOBAL CORE FIXED EQUITY INCOME • Beta oriented • Major market asset classes • Actively managed based on outlook Tactical Allocation 2 • Alpha oriented ALTERNATIVES • Unconstrained • Actively managed based on outlook Alternatives Allocation 3 TACTICAL TACTICAL FIXED INCOME EQUITY • Opportunistic investments • Diversifjers • Long/short/other WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 8
INVESTMENT PROCESS Outlook - Quantitative & Qualitative Incorporating a multitude of fundamental variables to assess the economic and investing environment. Determine level of risk, and where those risks will be best compensated. WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 9
INVESTMENT PROCESS Implementation Differentiated implementation tools not offered by your competition SMA's Mutual Funds Equity specifjc mandates Liquid alternative funds offering liquidity and diversifjcation benefjts CROW POINT Private Funds Exchange Traded Funds PA RT N E R S , L L C Non-correlated in unique asset Effective cost effjcient beta classes exposure WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 10
PORTFOLIO GUIDELINES - MODERATE HISTORICAL ASSET ALLOCATION RANGES CURRENT NEUTRAL ALLOCATIONS Global Equity Global Equity Fixed Income 42% 28% Fixed Income Alternatives 30% Alternatives MODEL ASSET CLASS RANGES EX-ANTE PORTFOLIO CHARACTERISTICS ASSET CLASS LOW NEUTRAL HIGH RISK MEASURE EXPECTED US Large Cap 6% 14% 47% Portfolio Risk 6.5% US Mid-Cap 1% 4% 23% Beta to Equities 0.5 US Small Cap 1% 3% 17% Beta to Fixed Income 0.2 Europe Equity 3% 7% 19% 30 Day V@R 3.5% Asia Equity 3% 7% 19% Portfolio Yield 2.1% EM Equity 3% 7% 19% Alternatives 6% 15% 27% Tactical Equity & Fixed Income 6% 15% 27% Fixed Income 7% 26% 57% Cash 1% 2% 8% WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 11
HALL OF FAME WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 12
TEAM BIOGRAPHIES David Cleary, CFA is a partner and Chief Investment Offjcer at Crow Point Partners. He acts as lead portfolio man- ager on the Crow Point Portfolio Solutions and the Crow Point Global Tactical Allocation strategies. Previously he spent 23 years at Lazard Asset Management where he held a series of senior portfolio management roles over multi asset and global fjxed income strategies. He additionally served as the fjrm’s global head of fjxed income, a $26 billion platform. Prior to Lazard, Mr. Cleary worked at UBS and IBJ Schroder, mostly in fjxed income asset management roles. Mr. Cleary began working in the asset management fjeld in 1987 upon his graduation from Cornell University, with a BS in Business Management and Applied Economics. Mr. Cleary is a CFA charterholder. DAVID CLEARY, CFA Peter DeCaprio co-founded Crow Point Partners in 2006. He serves as the fjrm’s Head of Trading and is a co-portfolio manager on the Crow Point Defjned Risk Global Equity Income fund, the EAS Crow Point Alternatives fund, and other private L.P . vehicles. Previously, Mr. DeCaprio worked at Evergreen Investments as a senior analyst covering the utility, telecommunications, and media sectors. Prior to Evergreen, Mr. DeCaprio was a senior equity analyst at Thomas Weisel Partners. He has also worked as an analyst at BancBoston Robertson Stephens, Dillon Read and Co. Inc., Houlihan Lokey Howard and Zukin, and TIAA-CREF. He is a graduate of Duke University’s Fuqua School of Business, where he received his MBA, and Tufts University, where he received a Bachelor of Arts degree. PETER DECAPRIO VICTOR CANTO, PHD Victor A. Canto, Ph.D. founded La Jolla Economics Inc., an economics consulting fjrm. From 2004 to 2016 he was an adviser to the Lazard Capital Allocator Series. From 1993 to 1998, he was Chief Investment Offjcer, Director of Research and portfolio manager at Calport Asset Management. From 1989 to 1997 he was President and Director of Research at A. B. Laffer, V. A. Canto and Associates. Victor has been an adviser to governments and a tenured fjnance and economics professor at the University of Southern California. He received his doctorate in Economics in 1977 and a Master of Arts degree in Economics in 1974 from the University of Chicago and his Bachelor of Science degree in Civil Engineering from the Massachusetts Institute of Technology in 1972. WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 13
CONTACT US CROW POINT PARTNERS 25 Recreation Park Drive Hingham, MA 02043 781-875-3185 patrick@cppinvest.com Visit us online at www.cppinvest.com Follow us on WWW.CPPINVEST.COM CROW POINT OUTSOURCED CIO SOLUTIONS 14
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