Waikalua Loko (circa 2000)
‘A’OHE PAU KA ‘IKE I KA HALAU HO’OKAHI
Not all knowledge is learned in one school
Kāhea Loko ( 1995- 2002)
Objectives:
•Create social studies,
science, and language arts
curricula utilizing Hawaiian
Fishponds as a resource;
• Meet Hawaii content and
performance standards;
• Provide professional
development opportunities
for teachers;
•Encourage teachers to use
the community as a
classroom.
Ma ka hana ka ‘ike:
“the knowledge is in the doing”
Aloha ‘Āina, Love of the Land
( 2003- 2012)
• Aloha ‘Āina builds on the
success of Kāhea Loko. It
incorporates not only the
fishpond, but the entire
ahupua’a from the
mountain to the sea.
Hawaiian Engineering
Rigor
Model of
Culture-based Education
Spiritual Realm
Novermber 2010
NH Career Planning System
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The AKAMAI Initiative
Self-Determination from a Financial Perspective
What do we want?
• The goal of Native Hawaiians is Self
Determination
– A better quality of life:
•
•
•
•
Education
Health
Career
General well-being (spiritual, emotional, etc.)
– Being in control of our own destiny
The Critical Path
• But there is only one best path; or “Critical Path,” and
that is through education
• The lynchpin on that Critical Path (and indeed all
paths) is the dependence on the yield generated by
the management of Alii Trust assets
Reliance on Yield on
Alii Trust Assets
Self
Determination
Lynchpin on the
Critical Path to Self Determination
Additional Yield Multiple?
• The natural byproducts of having NH Asset Mgt firms
managing Alii Trust Assets are myriad, and all in
alignment with Alii Trusts’ goals, and serving Alii
Trusts’ constituents:
–
–
–
–
–
Management fees kept locally, in local economy
NH owners/principals = NH profits
Hire NH employees in high skill/high paying positions
Opportunities to hire NH ancillary support services
Greater wealth; greater opportunity to improve education,
health, and general welfare
– NH Asset Mgrs will have a better understanding of the
awesome responsibility/honor of managing Alii Trust
Assets because we come from the neighborhoods served
by Alii Trust funded programs
No Handouts, No Excess Risk
• There are no additional risks assumed by the Alii
Trusts by having NH Asset Mgt firms manage trust
assets because:
– Management of Alii Trust assets done competitively in the
open market; not part of an in-house management
program
– Market forces will ensure that only firms delivering the
best risk-adjusted returns will be engaged
– If NH Asset Mgt firms manage trust assets, it is because
they earned this right in a free and competitive
marketplace
Focus on the Lynchpin
• We need to develop a program to achieve selfdetermination from a financial perspective
• A world-class, training program that focuses on
producing NH financial talent capable of competing
in the open market for jobs at top ranked non-NH
asset mgt firms
• Eventually, a percentage of these trainees will go on
to start their own NH Asset Mgt Firms capable of
competing in the open market for the management
of Alii Trust Assets
A Better Way…
• What if:
– Instead of continuously funding the program with grants,
the Alii Trusts made an INVESTMENT in a new NH Asset
Mgt Firm?
– The NH Asset Mgt Firm is owned by a non-profit whose
mission is to RUN THE FINANCIAL ANALYST TRAINING
PROGRAM
– The Alii Trusts hold positions on the BOD of the non-profit
parent to ensure their interests are being represented
A Better Way…
• What if:
– The profits of the NH Asset Mgt Firm are used to fund the training
program
• The Alii Trusts still get yield on their INVESTMENT (a source of
cash) instead of continuously funding the training program
directly via grants (yet another drain on cash)
• The NH Asset Mgt Firm then BECOMES THE “TRAINING
VEHICLE” used to ensure our students get THE BEST
training/exposure to actual operations of a real asset mgt
firm, with PAID internships so they can focus on, and get paid
to study rather than work odd jobs
The AKAMAI Initiative
• A self-funding vehicle to self determination
from a financial perspective
The AKAMAI Initiative
The AKAMAI Foundation
MARKETING
The Kama’aina
Ex-Pat Database
EDUCATION
The Asia-focused Financial
Analyst Training Program
AKAMAI Capital, LLC
Japan Fund, LP
China Fund, LP
AKAMAI
AKAMAI Capital literally translated means “Smart Money.” The word AKAMAI as used in the AKAMAI Initiative and AKAMAI Capital is
an acronym for:
Ala Pi’i [to ascend] - Organize the Hawaii fund management industry;
K
āhea [to call out] - Market Hawaii to the Asia-focused fund management industry; demonstrate our compelling value
proposition vis-à-vis Australia, Hong Kong, Singapore, and Tokyo;
A
lu [to unite] - Bridge gap between industry, academia, and State, as well as other interested parties;
M
ahi [to cultivate] – Develop a 5-year Asia-focused Financial Analyst Training Program (AFATP) from high school thru
undergraduate degree (and beyond via continuing education), and a world-class, Asia-focused AKAMAI [smart] Lab &
Conference Center;
A
mo [to bear the burden of oversight] – Aggregate data, monitor, and report financial literacy and industry growth milestones &
metrics;
I
mi [to seek] – Continual search for improvement of the process;
We are all connected…
Define your pond.
How is it connected to your community?
How are we preparing our youth to connect to their pond, community
and world?
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