2. Kalytix Partners LLC (Kalytix) is a specialized strategy and business management enterprise
providing bespoke research and development services to asset owners.
Our mission is to help clients become leading investors in the global investment chain in
terms of operational best-practice and organizational innovation.This mission has the core
objective of empowering our clients with the resources, capabilities and tools to excel
organizationally, as bench marked against their respective peer groups and the global asset
management industry broadly.
Our clients range from large, global institutions such as pension funds, sovereign wealth funds
and mutually-managed funds, to small family offices and foundations, as well as investment
institutions of varying types, sizes and objectives.

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CORE OBJECTIVES
Underwrite the trend towards dis-intermediation and re-intermediation,
through the provision of services that sustain asset-owners’ greater
professionalization, internal advisory management, and the oversight
of the investment process; the identification of misaligned external
asset managers and/ or consultants; the generation of cooperation and
collaboration between compatible institutional investors and aligned
intermediaries;
Provide institutional investors with the ability to unlock new, long-
term value and growth opportunities which address global resource
constraints and/or development objectives, while generating structural
social, environmental, and economic transformation;
Encourage investment into the real economy, going beyond the world
of financial products, to focus upon on long-term investing instead of
market-based short-termism.
Located in Silicon Valley and Oxford, we leverage our 30 years of
research, consulting, and investment experience to provide innovative
governance and management solutions to our clients. We offer an array
of services depending on our clients’ needs, tailored to their size, type,
geography, and investment objectives. Because no investor is the same,
we work closely with clients to provide strategy and management
solutions for their unique circumstances.

4. CONFIDENTIALITY AND
DISCLOSURE
Our partnership respects and upholds confidentiality in any
engagement with clients. In this respect, we undertake not to disclose
client documents, reports, presentations, or knowledge pertaining
to client’s competitive strategy to third parties. In some instances,
however, we may ask to reference the work that we undertake with you
to other clients, but at a high level. In these instances, we will request
explicit written consent from you to do so.
In turn, Kalytix expects that all reports, documents, briefings and
PowerPoint presentations, and research material will not be shared with
third parties without our express written permission. None of the above
shall preclude Kalytix using what we learn through client engagement
in academic and industry publications and presentations, with the
proviso that clients will not be identified explicitly or by implication
without permission.

5. INDEPENDENCE AND
OBJECTIVITY
Whether a large public pension fund, or a small private family office,
we provide cutting-edge research and innovative development services
drawing upon global best practice.
As an independent partnership, we offer impartial advice, guidance,
and support.
As such, we are best positioned to offer meaningful research, along
with unbiased strategy and management services. Unlike many of
our competitors whose views and approaches are often too clouded
by short-term incentives, the drive to cross-sell and, ultimately,
incompatibility interests, our complete independence allows us to
provide you with the best possible service found in the marketplace
today.
It is our neutrality that enables us to give authentic advice and support
with a legitimate long-term perspective.

6. THE TEAM
Our partnership is comprised of leaders in the fields of asset ownership,
institutional investment and funds management. As practitioners and
academics, we have over 30 collective years of experience. Our unique
intellectual property, skill sets and knowledge allows us to provide
specialist strategic advisory and management services.

7. GORDON L. CLARK
Co-Founding Partner
Gordon has over 25 years of experience in the field of global funds
governance and management, both academically, in his research and
publications, and in practice, having consulted with large pension
funds, sovereign wealth funds, and other asset owners globally. Gordon
is the Director of a U.K. pension fund, Trustee of two endowments,
Consultant to a large German pension fund, and Advisor to one of the
world’s largest consumer products company. He is also considered one
of the world’s leading experts in the investment management field, and
is highly respected by the industry.
Gordon’s current research focuses on the management and structure of
financial institutions, focusing on issues such as in- and out-sourcing,
intermediation, and reconciling incentives with institutional objectives.
Gordon is also co-author with Roger Urwin at Towers Watson of
ground-breaking reports on the governance of institutional investors,
including pension funds, sovereign wealth funds, and endowments.
With an extensive track record of academic and commissioned
publications, Gordon is author and co-author of various books,
including Sovereign Wealth Funds (Princeton, 2013), Saving for
Retirement (Oxford, 2012), and The Geography of Finance (Oxford,
2007). He is also the co-editor of the Oxford Handbook of Pensions
and Retirement Income (Oxford, 2006). Gordon holds a DSc at Oxford
University, a Doctorate from McMaster University, and an MSca
nd Bachelor’s in Economics from Monash University. He has held
appointments at Harvard University, the University of Chicago, and
Carnegie Mellon University.

8. ASHBY H.B. MONK
Co-Founding Partner
Ashby has over 15 years of experience in the field of global funds
governance and management, both academically, in his research and
publications, and in practice, having consulted with large pension
funds, sovereign wealth funds, mutual funds and other asset owners
globally. Ashby is currently an advisor to one of Canada’s largest
pension funds, AIMco; Senior Advisor to California-based pension fund
UC Regents; and an ad hoc advisor to a number of North American
pension funds and Middle Eastern sovereign wealth funds. He is
considered one of the leading global experts on funds management
and is well respected in the investment management industry.
Ashby’s current research focuses on the organizational design and
governance of institutional investors, with particular specialization on
pension funds, sovereign wealth funds, and family offices.
With a strong track record of academic and industry publications,
Ashby’s research and writing has been featured in publications and
media outlets such as The Economist, New York Times, Wall Street
Journal, Financial Times, Institutional Investor, Reuters, Forbes, and
on National Public Radio. Ashby holds a Doctorate from Oxford
University, a Master’s in International Economics from the Universite
de Paris I – Pantheon Sorbonne, and a Bachelor’s in Economics from
Princeton University.

9. PETER B. CLARK
Chief Development Officer & Senior Associate
Peter has 3 years of experience in the field of global funds governance
and management, having consulted with large superannuation funds,
pension funds, sovereign wealth and development funds, as well as
large family offices and foundations. Peter also created and developed
a research institute – Institutional Investor’s Sovereign Wealth Center –
that provides actionable intelligence regarding the investment activity
and operational behavior of sovereign wealth funds across the globe.
Outside of the company, Peter is Project Manager and Research
Manager for Investment Innovation at Stanford University’s Global
Projects Center. Peter currently manages project for the research
and development of new, innovative impact investment models for
delivering “impact alpha” – long-term financial outperformance and
social, environmental, and economic transformation. Peter also directs
and supervises a project researching into new wealth management
models for private asset owners, focusing on the process from first
to third generation wealth transfer, and in light of recent research on
sovereign development funds.
With a background in business management, research and analysis,
Peter has held positions at leading consultancies such as PwC and
Mercer, as well as global strategy and macroeconomic forecasting
firms such as Oxford Economics and Oxford Analytica. Peter holds a
Masters in Business and Financial Management from the University of
Cambridge’s Judge Business School, and a first class Bachelor’s from
Queen Mary, University of London.

10. LETTER FROM THE PARTNERS
Through this document, we hope to demonstrate our value proposition,
and how our partnership differs from other. Leveraging 30 years
worth of intellectual property on institutional investment and global
funds management, and drawing on our experience as practitioners,
participating in the governance and management of large pension
funds and endowments, we believe our knowledge, expertise, and
wisdom sets ourselves aside from generalists
Our research directly relates to governance and management of asset
owners, and our experience comes directly from holding senior roles in
institutional investment organizations.
Having such knowledge has enabled us to talk, advise and assist some
of the best global institutional investors, as well as an array of different
leading investors, public or private, traditional or innovative, and in
various geographies and political jurisdictions. Because the needs
and existing capabilities of investors can vary significantly between
organizations, all clients are treated differently, but in our commitment
of putting serious time and effort into the different projects we work
on with our clients, all clients are treated the same. We believe the
projects we undertake with clients are important sites of learning and
knowledge-sharing.
If you think that we might be able to help your investment institution, or
would like to learn more about us, our services, or our overall business
offering, please contact info@kalytix.com, or reach out to us individually.
Yours faithfully
Gordon Clark & Ashby Monk
Co-Founding Partners
Kalytix Partners

11. Kalytix Partners LLC
100 Boyer Lane
Los Gatos
CA 95030
USA
www.kalytix.com
© 2015 Kalytix Partner LLC. All rights reserved. May 2015