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what CIO's of Foundations & Endowments Need to Monitor - Interview: Rosalind M. Hewsenian, Chief Investment Officer, The Leona M. and Harry B. Helmsley Charitable Trust - North American Investors Summit
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what CIO's of Foundations & Endowments Need to Monitor - Interview: Rosalind M. Hewsenian, Chief Investment Officer, The Leona M. and Harry B. Helmsley Charitable Trust - North American Investors Summit


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An interview with Rosalind M. Hewsenian who is the Chief Investment Officer at The Leona M. and Harry B. Helmsley Charitable Trust and a speaker at the marcus evans Foundations & Endowments Investment Summit. She shares her experiences in the institutional investment space.

Join the 2014 North American Summit along with 60 CIO’s and top decision makers from North America’s largest corporate and public pension funds as well as foundations, endowments and those offering the latest investment strategies on the marketing

For more information contact:

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  • 1. What CIOs of Foundations & Endowments Need to MonitorInterview with: Rosalind M.Hewsenian, Chief InvestmentOfficer, The Leona M. and Harry B.Helmsley Charitable TrustQuantitative easing is what issupporting equity prices right now, soChief Investment Officers (CIOs)need to be cautious of when and howthat is unwound, advises Rosalind M.Hewsenian, Chief Investment Officer,The Leona M. and Harry B. HelmsleyCharitable Trust. CIOs need to monitorthis global phenomenon, she adds.Hewsenian is a speaker at the marcusevans Foundations & EndowmentsInvestment Summit 2013, inWheeling, Illinois, July 22-24.What global factors are impactingthe investment space today?The biggest factor is the quantitativeeasing being conducted by every majorcentral bank of developed countries,and the Eurozone. That is what issupporting equity prices right now.What CIOs of foundations andendowments should be cautious of iswhen and how that is unwound. We sawthe markets drop sharply in early Junebecause there was some concern thatthe US may decrease quantitativeeasing, and about the jobs report. Itjust goes to show that absent thestimulus, there is not a whole lotholding up equity markets.Thus, CIOs need to be mindful ofmonitoring this global phenomenon.Could CIOs achieve a perfect mix ofliquidity and safety in thislandscape?That is quite difficult to do, but thereare a few things that can be done insuch an environment. First, CIOs mustbe well aware of the risk profile theywant to assume and stick to it, becausewhen this quantitative easing isunwound, stocks could end up selling offsharply in the short-run, until themarketplace adjusts to the next newnorm. Measuring and monitoring risk,and maintaining the risk profile isexceedingly important.Second, having a source of liquidityavailable is important. CIOs need toknow where they can get their hands onsome money, so that they do notliquidate investments they really wantto keep for the long-term, just to meetshort-term funding needs.At Helmsley we have a liquidity reservethat we maintain in order to dampenvolatility and have a ready source ofliquidity, so that when markets do selloff, we can quickly rebalance and havesome dry powder to invest duringmarket opportunities.To hedge against volatility and lowreturn, what asset classes wouldyou point investors to? Why?To hedge against both volatility and lowreturn is a bit difficult, because bydefinition lowering volatility potentiallylowers return. However, some wellexecuted hedge funds could be theanswer to that, As it is very difficult tofind hedge funds that are executed well,due diligence is critical.At our trust, we have begun followingkey second lieutenants at larger fundsto see if they move out on their ownand form hedge funds. We have beeninvesting in the spin-outs from largefunds because the newer funds do nothave the capacity constraints the largerones do, and as a result, can executemore acutely than multi-billion dollarhedge funds.How do you choose investmentmanagers?We have a due diligence policy thatoutlines several factors but what I findcritically important is meeting with thehead of the firm. It is the head of thefirm who sets the tone for the entireorganization, in terms of culture,expectations, risk tolerance andmanagement style. To look at theproduct in isolation without meeting himor her is a big mistake.CIOsmust bewell awareof therisk profilethey wantto assumeand stickto it
  • 2. The Investment Network –marcus evans Summits groupdelivers peer-to-peer informationon strategic matters, professionalt r e n d s a n d b r e a k t h r o u g hinnovations.Please note that the Summit is aclosed business event and thenumber of participants strictlylimited.About the Foundations and Endowments Investment Summit 2013This unique forum will take place at the Westin Chicago North Shore, Wheeling,Illinois, July 22-24, 2013. Offering much more than any conference, exhibition ortrade show, this exclusive meeting will bring together esteemed industry thoughtleaders and solution providers to a highly focused and interactive networking event.The Summit includes presentations on strategic portfolio diversification, emergingmarket investments, manager selection and retention, and sustainable investing.www.foundations-endowmentssummit.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, case studies, roundtables and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsPrivate Wealth Management Summit - www.privatewealthsummit.comUS Pensions Summit - www.uspensions-summit.comTo view the web version of this interview, please click here: Kouyoumdjian-Gurunlian, Press Manager, marcus evans, SummitsDivisionTel: + 357 22 849 313Email: press@marcusevanscy.comFor more information please send an email to info@marcusevanscy.comAll rights reserved. The above content may be republished or reproduced. Kindlyinform us by sending an email to