Investment Managers

The Finance and Investments Committee conducts an RFP process every three to five years to re-bid our investment portfolios.  Following an extensive RFP process in 2009, the Board of Directors voted to invest its corporate portfolio in two institutional mutual funds.  As of January, 2010, CFGNB will invest its endowment assets equally with GMO and TIFF.

GMO, founded in 1977, is a privately held global investment management firm servicing clients in the corporate, public, endowment, and foundation marketplaces. As of September 30, 2009, GMO managed $102 billion in client assets using a blend of traditional judgments with innovative quantitative methods to find undervalued securities and markets.  CFGNB will invest in GMO’s Global Balanced Asset Allocation

The Investment Fund for Foundations (TIFF) is a cooperative-style investment organization founded by a nationwide network of foundations.  CFGNB will invest in TIFF's Multi-Asset Fund (MAF).  The MAF seeks to achieve a total return (price appreciation plus dividends) that, over a majority of market cycles, exceeds inflation, as measured by the Consumer Price Index (CPI) plus 5% per annum. 

TD Wealth Management is the trustee of the Community Foundation of Greater New Britain Trust and the Johnstone Vance Memorial Fund, a supporting organization to CFGNB.  TD Wealth Management has served as trustee and invested these portfolios since 2005, following a 65% equities / 35% fixed income asset allocation.