Need for Alternative Investments in Today`s Pension Plans

Need for Alternative Investments
in Today’s Pension Plans
Presented by
Robert Longfield
at Atlantic Connections
July 9, 2014
Robert Longfield
Robert serves as the CEO of, Gavion, LLC and chairs the Gavion Research Advisory
Board. This board directs the firm’s research process to which Robert brings his twentyfive years of experience. Robert also services clients with specific expertise to hospitals,
foundations, insurance reserves, defined benefit plans, various types of defined
contribution plans, as well as post retiree healthcare Trusts. In 1989 Robert began his
career with an institutional consulting practice as a financial analyst. He transitioned
into the consultant role in 1992 and became a senior consultant and owner in 1997. This
prior experience led Robert to the founding of Gavion in 2013 with two veteran partners.
Robert lectures periodically on topics ranging from alternative investing to market
outlook at various conferences. He graduated magna cum laude with a bachelor’s degree
in finance and a minor in economics from the University of Memphis. He has earned the
right to use the CFA designation. Robert’s community involvement includes serving on
various committees for Hope Presbyterian Church. Robert also serves on the Board of
Directors for BioDlogics, LLC, a Memphis based biologics company
Gavion, LLC is a Tennessee based investment consulting firm with over $20 billion in
assets under advisement as of first quarter 2014 representing approximately 35 client
relationships. Gavion’s 23 employees focus on the institutional consulting needs of our
Current Sentiment
U.S. Deleveraging
Equity Risk Reduction
• Historically - fixed income
• Today – plethora of alternatives
Market Declines
Gavion Outlook
Alternative Categories
Hedge Funds
Private Debt
Real Estate
Structured Notes
Venture Capital
Mezzanine Debt
Distressed Debt
The information contained herein is for informational purposes only. This presentation does not represent an offer to
buy or sell securities. Any investment involves risk including the potential loss of investment principal.
All examples are hypothetical and for illustrative purposes only. The views expressed in this material and presented
during this educational session are the views of the panelists and are subject to change based on market and other
conditions. The presentations contain certain statements that may be deemed forward-looking statements. Please note
that any such statements are not guarantees of any future performance and actual results or developments may differ
materially from those projected.
Certain of the information contained herein: (1) is proprietary to third party content providers; (2) may not be copied or
distributed; and (3) is not warranted to be accurate, complete or timely. Third party content providers are not
responsible for any damages or losses arising from any use of this information.
When considering alternative investments, such as hedge funds and hedge funds of funds, you should consider various
risks including the fact that some alternative investments use leverage and other speculative investment practices that
may increase the risk of investment loss, can be illiquid, are not required to provide periodic pricing or valuation
information to investors, may involve complex tax structures and delays in distributing important tax information, are
not subject to the same regulatory requirements as mutual funds, often charge high fees, and in many cases the
underlying investments are not transparent and are known only to the investment manager.