Solaris Advisors joins Klingenstein Fields
Performance with Prudent Stewardship and Stability.
The overriding tenet of our philosophy is to preserve capital and enhance its purchasing power. Our non-profit clients come to us with significant assets, usually the result of the generosity of philanthropists and the ongoing, prudent stewardship by Trustees and staff. They turn to us for stability in their investments and, where relevant, a better understanding of the interrelationship between the organization’s operating performance, debt structure, capital pools and the supporting endowment or foundation. We honor that trust by crafting investment programs that seek to protect capital while meeting long-term investment objectives.
Despite the weight of looming geopolitical and trade-related threats and a marked slowdown in global economic growth, US stock and bond markets continued to post gains during the third quarter and are well above trend year-to-date. The concurrent run-up in risk assets and safe havens such as US Treasuries underlines the confusion with which investors are grappling. Further, if September is any indication, stock market leadership appears to be shifting away from momentum-oriented stocks with extreme overvaluations towards more traditional value names.Click here to read the entire commentary