Cash

T-Bills

  • Money market funds
  • Auction rate notes
  • 12 month municipals
  • 12 Month corporate

Fixed Income

Individual Portfolios

  • Real return focus (typically held to maturity)
  • Laddered portfolio
  • Corporate bonds, municipals, treasuries, etc.

Bond Funds

  • Added return through active management
  • Additional diversification
  • Value based managers with few restrictions
  • Exceptional long-term track records

Equities

Individual Equities

  • Capital preservation focus
  • Value oriented
  • Concentrated portfolio (15-35 stocks)
  • No style or size limitations
  • Solid track record

External Managers/funds

  • Value oriented
  • Managers heavily invested their own fund
  • Exceptional long-term track records
  • Capital preservation focus
  • Few geographic, style, or size limitations

Alternative Assets

Private Funds

  • Access to non-traditional asset classes
  • Increased diversification
  • Direct-investment opportunities
  • Alternative credit & lending strategies