A Framework For Liquidity Management in Institutional Portfolios
Liquidity is one of the most important, and often underappreciated, drivers of portfolio resilience in institutional investing. Institutional portfolio liquidity management plays a vital role in maintaining that resilience. For many institutions, that challenge has become more visible in recent years as allocations to private markets have grown, distributions have slowed, and portfolio weights have […]
The Role of SMAs in Volatile Markets
Market volatility has become a recurring feature of modern investing. Periods of rapid price swings, shifting interest rates, and geopolitical uncertainty can create challenges for both investors and advisors. In this environment, SMAs in volatile markets can offer several advantages compared with pooled investment vehicles. Separately managed accounts allow advisors and portfolio managers to adjust […]
Managing Risk Beyond Volatility: What Really Threatens Endowment Success
Endowment risk management is often misunderstood as simply navigating market volatility. While short-term price swings tend to dominate headlines and investment committee discussions, volatility alone is rarely the greatest threat to an endowment’s long-term success. For institutions with multi-decade time horizons, the more meaningful risks are structural rather than emotional. Liquidity constraints, portfolio concentration, governance […]
Starting the Year Strong: Governance Best Practices for Investment Committees
For many investment committees, the early months of the year set the tone for everything that follows. Annual meetings, refreshed priorities, and market uncertainty make this an ideal time to revisit governance practices and ensure decision-making frameworks remain clear, consistent, and aligned with long-term objectives. Strong governance is not about reacting to short-term market movements. […]
Investment Management Considerations for Institutional Investors
Investment management for institutional investors involves a range of strategies, governance structures, and regulatory considerations intended to support long-term financial objectives. Pension funds, endowments, foundations, and other institutions typically operate under fiduciary obligations that require balancing return objectives, liquidity needs, risk tolerance, and regulatory requirements. Understanding how investment approaches, risk management practices, and oversight frameworks […]
A St. Louis-Based Firm With a Nationally Recognized Investment Strategy
JAG’s Large Cap Growth strategy named a PSN Bull & Bear Masters top 10 performer (3-year period ending 3/31/25) At JAG, we actively manage equity portfolios with a disciplined, transparent process that’s stood the test of time. That’s why our Large Cap Growth strategy was named a PSN Bull & Bear Masters top 10 performer […]
1st Quarter 2025: Tariff Tantrum Turbulence
Tariff Tantrum Turbulence As usual, we completed a rough draft of this commentary a week or so prior to the end of the quarter. We had planned to deliver a relatively routine letter, which would review the events of the 1st quarter and give readers a sense of forward outlook. It might go without saying, […]
JAG Growth Equity Thematic Insights: Q1 2025
April 2025 If you’re feeling a bit overwhelmed by the tsunami of news so far in 2025 – rest assured, you are not alone. The financial markets have been struggling to stay abreast of waves of market-moving headlines that have been breaking virtually nonstop in recent weeks. In response to this rapidly changing and uncertain […]
JAG Fixed Income Thematic Insights: Q1 2025
March 2025 – Context on Credit Spreads: Should Investors be Concerned? Summary Our clients routinely ask us to comment on the overall levels and trends in corporate credit spreads. For the last year or so, these inquiries have taken on a greater sense of urgency as spreads have tightened significantly. While we agree that the […]
4th Quarter 2024: Back to Back Bulls
Back to Back Bulls The S&P 500 rose to an all-time high in the fourth quarter and extended 2024’s gains as the Presidential election (finally!) moved into the rear-view mirror. Despite a few modest wobbles during the year, corporate earnings growth topped most expectations, the US economy remained on solid footing and the Fed began […]