Four Phases of DIME
An investment policy statement guides decision-making by defining the mission, return objective, attitudes toward risk, roles and responsibilities for the program. Before managers are selected, an asset allocation strategy is developed which offers the highest projected probability of meeting the program's return objective at an acceptable level of risk.
Northern Trust believes in employing multiple investment managers, each of whom specialize in a specific asset class and investment management style. This approach provides a high degree of diversification, and provides the opportunity for superior investment performance in a variety of market conditions.
Quarterly performance reporting provides insights both on individual manager's appropriate benchmarks, and on total program returns versus a blended benchmark. Quarterly rebalancing to strategic asset allocation targets is performed by Northern Trust to maintain the desired overall risk profile of the investment program.
A Northern Trust investment manager meets with each client twice every year to review performance and to evaluate overall effectiveness of the multi-manager investment program's design in meeting the client's objectives.
Jennifer is an Executive Vice President and Director, Manager of Managers Services, for Northern Trust Global Advisors, an investment management subsidiary of Northern Trust offering manager of managers investment programs over $33 billion in assets under management.
Northern Trust's manager of managers programs include emerging and minority managers, US and international equity and fixed income, alternative investments (e.g. hedge fund and private equity strategies), real estate, and total investment program management.
Since joining in 1974, Jennifer has held various management positions in investments, global custody, and international banking.