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.
During the 2nd quarter, equity markets continued their bounce back from the sharp selloff of late 2018, aided by a perceived shift in the Federal Reserve’s appetite for rate cuts. Global stocks rose 3.8% despite mounting fears of an economic slowdown that have pushed bond yields down. Year-to-date through June 30, the MSCI World Index has appreciated 17%.Click here to read the entire commentary