The Valley Community Foundation's financial summaries are part of The Community Foundation for Greater New Haven's audited financial statements in accordance with generally accepted accounting principles for supporting organizations.
The information contained in the financial summaries below is included in The Community Foundation for Greater New Haven's audited financial statements.
The Valley Community Foundation Financial Summaries (2010)
Form 990 (2010)
IRS Designation Letter
The external investment managers listed below are retained by The Community Foundation
for Greater New Haven, which includes the endowment of its affiliate, the Valley Community Foundation, to perform specific asset class services in accordance with the long-term asset allocation model, and are chosen through a competitive selection process conducted by The Community Foundation
for Greater New Haven's Investment Committee.
The twenty-two managers
a currently retained are:
Asset Class
|
Manager
|
Strategy/Style
|
Market Benchmark |
Large/Mid Cap
|
Adage Capital Partners
|
Active/Enhanced |
S&P 500 |
Small Cap
|
Ashford Capital
|
Growth |
Russell 2000 – Growth |
Small Cap
|
Dimensional Fund Advisors
|
Value |
Russell 2000 – Value |
| Small Cap |
CMG |
Core |
Russell 2000 |
Non-US Developed
|
TBD
|
Core |
MSCI EAFE |
Non-US Developed
|
Cevian Capital Partners
|
Concentrated Value
|
MSCI EAFE - Value |
| Non-Us Developed |
Dimensional Fund Advisors |
Value |
MSCI EAFE - Value |
Non-US Developed
|
Gryphon International |
Growth |
MSCI EAFE – Growth |
Non-US Emerging
|
DFA
|
Emerging Equity
|
MSCI EM |
| Non-US Emerging |
Aberdeen |
Emerging Equity |
MSCI EM |
| Bonds |
Colchester Global
|
Global Sovereign
|
Citigroup World Government Bond |
| Bonds |
Mondrian Partners
|
Emerging Debt |
JPM EMBI Plus |
| Bonds |
I R & M |
Intermediate TIPS |
Barclays US TIPS |
| Bonds |
Vanguard |
Long-term Treasuries
|
Barclay's Long Treasury |
Private Equity
|
T.I.F.F. Partners1,2
|
Multi-strategy |
S&P 500; T-Bills + 5% |
Absolute Return
|
T.I.F.F2 |
Multi-strategy |
HFRI Fund of Funds
|
Hedged Equity
|
Forrester Capital, LLP2 |
Long/Short |
HFRI Equity Hedge |
Real Assets
|
Metropolitan LLP2,3 |
Real Estate
|
NCREIF Property Index |
Real Assets
|
Shorenstein Fund Nine4
|
Real Estate
|
NCREIF Property Index |
Real Assets
|
LBA Realty Fund IV4 |
Real Estate
|
NCREIF Property Index |
| Real Assets |
Varde Partners4 |
Distressed Special Situations
|
HFRI Distressed Securities/ S&P 500
|
Real Assets
|
Merit Energy Partners
|
Oil and Gas
|
S&P MLP Index |
a As approved by the Investment Committee, through November 10, 2011.
1 T.I.F.F. = The Investment Fund for Foundations, a nonprofit organization whose mission is to assist the investment management processes for nonprofit organizations.
2 Fund of Funds strategy.
3 Three separate funds: III, V, and International II.
4 Direct.