In 2012, The Greater Cincinnati Foundation restructured its overall investment strategy to improve investment offerings to our donors. Our Investments Committee, aided by the national investment advisory firm Fund Evaluation Group, designed an enhanced program that offers donors the choice of three strategies:
1. Diversified Strategy I
This portfolio is comprised of equity, fixed income and real asset investments, as well as alternative investments (hedge funds, private equity, etc.). This strategy employs highly qualified managers vetted and selected by the GCF Investment Committee with the assistance of Fund Evaluation Group.
2. Diversified Strategy II
This portfolio is the same as the Diversified Strategy I except that it excludes alternative investments (hedge funds, private equity, etc.). Highly qualified managers are vetted and selected by the GCF Investment Committee with the assistance of Fund Evaluation Group.
3. Cincinnati-Based Alliance Manager Program
This strategy allows donors to select a well established local investment firm to manage fund assets. Each of the five local firms below manages balanced portfolios (excluding alternative investments) and have its own distinct investment style:
Bahl & Gaynor
- Bartlett & Co.
- FTB Financial Services
- Johnson Investment Counsel
- RiverPoint Capital
All of the above investment options are balanced, which means that they have varying allocations of equity, fixed income, and in some cases real asset securities / funds. While GCF takes pride in its stewardship over invested assets, it should be noted that GCF is a charitable organization and not a commercial money manager. Our experienced Investments Committee, together with Fund Evaluation Group, regularly monitors the investment performance of our managers.
About GCF’s Diversified Strategies I and II
GCF’s Diversified Strategies I and II include globally diversified portfolios with varying degrees of uncorrelated risk and returns among various asset classes. These globally diversified portfolios should reduce the variability of returns over time. Each asset class includes qualified managers that specialize within that class. These managers have been recommended to our Investments Committee by our consultant, Fund Evaluation Group.
- GCF has three partner firms with portfolios that include alternative investments (hedge funds, private equity, etc.): Fifth Third Bank, U.S. Bank and PNC Bank.
- GCF has 12 partner firms with portfolios that exclude alternative investments (hedge funds, private equity, etc.): Baird & Company, Foster & Motley, Huntington Bank, Key Bank, Lenox Wealth Management, MCF Advisors, Northside Bank, Ritter Daniher, Truepoint Capital, UBS – Ellis/Shick Group, Wells Fargo – Downtown Office, Wells Fargo – Anderson Office.
Investment Performance and Fees
Investment performance by strategy will be updated and posted below quarterly.
The investment restructuring described above was a major change and, as such, GCF’s investment performance history has re-started. Any past performance numbers would not be appropriately comparable to the strategies now in place. Investment fees are included in the overview document for download below. To see information on GCF's Administrative Contribution schedule, please download this PDF.