In The Media
Recognition
October 2020
Orange County Business Journal
Canterbury Consulting provides financial advice on $23.6 billion worth of investments for family offices, college endowments, nonprofits, healthcare organizations and other clients.
Like other wealth management firms in this hyper-competitive business on Wall Street, this advice is closely tracked by clients, especi…
In The Media
Quote by Stuart Blair, CAIA
October 2020
HuffPost
President Donald Trump has repeatedly warned that the stock market is doomed if he loses the 2020 election and Democrats take the White House. But looking at history, the association of a Republican president with better stock market performance is not steeped in reality. Here’s what’s really the case: Historically, th…
In The Media
Quote by Stuart Blair, CAIA
October 2020
FundFire
Predictions of massive hedge fund redemptions this year were rife following the volatility of March and April. But with the start of the final quarter of the year approaching and redemption windows coming to a close, it turns out the industry may avoid what some had feared — a crushing year overshadowing brutal 2019 ou…
In The Media
Quote by Loren Asmus, CFA, CAIA
July 2020
U.S. News & World Report
The midstream sector supports the oil and gas industry's infrastructure needs and can increase diversification in a retirement portfolio since it generates higher yields. Investors typically invest in large integrated exploration and production names from the energy sector, as well as utility companies for additional i…
In The Media
Quote by Matthew Lui, CFA, CAIA
June 2020
MSN Money
Does passive investing have a place in the most active market in recent history? Are index funds safe? Index funds are the epitome of passive investing. Rather than trying to beat the market by selecting individual stocks, these funds own all stocks constituting the index, matching the performance of the underlying ben…
In The Media
Quote by Stuart Blair, CAIA
June 2020
Orange County Business Journal
Canterbury Consulting Inc., a Newport Beach-based financial consulting group best known for advising family offices and non-profit organizations, is raising $82 million for a new fund to target private equity fund opportunities.
“It will provide investors more opportunity to implement material change versus basic co…
In The Media
Quote by Mike Ethridge
June 2020
Business Insider
All 50 states have begun to loosen lockdown requirements and businesses like gyms, nail salons, restaurants, retail shops, production studios, and some offices are starting to reopen.
For many, reopening is more complicated than social distancing and reduced capacity. In addition to an operational and financial chec…
In The Media
Quote by Matthew Lui, CFA, CAIA and Loren Asmus, CFA, CAIA
June 2020
Citywire
To musicians Matt Lui and Loren Asmus, picking a manager is a lot like writing and performing a song. The writer uses logic and structure to write the notes, then the players work together, harmonizing with the band to bring emotion to the music and create something beyond the paper. And to these two investment researc…
In The Media
Quote by Debashis Chowdhury, CFA
June 2020
Orange County Business Journal
The first quarter was unlike anything seen in the world’s financial markets. The markets reached an all-time high in February and when the coronavirus struck, they plunged more than 30%, including the 13% drop of the Dow Jones on March 16, the second worst day in its history.
In The Media
Quote by Debashis Chowdhury, CFA
May 2020
Fiduciary News
The proliferation of investment options promised participants a plug-and-play plan. In the process, it created a 401k Frankenstein monster of a mess.
In The Media
Quote by Debashis Chowdhury, CFA
April 2020
The NonProfit Times
The temptation to panic during a crisis looms over leaders at nonprofits immediately affected by the COVID-19 pandemic. However, advisers to groups relying on walk-in traffic, guest fees, and gift shop sales are taking the long view since the situation remains unclear, despite many cities and towns now telling resident…
In The Media
Quote by Matthew Lui, CFA, CAIA
February 2020
Los Angeles Times
If there is perhaps one thing that investors don’t like above all others, it’s uncertainty. And that’s what was served up in heaping bucketfuls this week as it became clear the coronavirus wouldn’t bypass the U.S. — with the stock market turning in its worst performance since last decade’s financial crisis.
“I think…
In The Media
Quote by Debashis Chowdhury, CFA
February 2020
Inside Higher Ed
Colleges and universities generally aren't happy about the endowment tax, but many are paying less than the tens of millions of dollars reported by the country's wealthiest universities, a review finds. And even those ultrawealthy universities might end up paying substantially less.
It has been more than two years s…
In The Media
Quote by Matt Lui, CFA, CAIA
October 2019
Forbes
Over the last decade, growth stocks have performed significantly better than value stocks. However, over the past year, it appears that the pendulum has swung to favor value stocks. Recent data suggests the trend is accelerating.
Focus on rebalancing — not market timing — may prove most essential to those with long-…
In The Media
Quote by Matt Lui, CFA, CAIA
October 2019
The Wall Street Journal
Over the past decade, many experts have predicted that the open-end mutual-fund industry would crumble, an inevitable victim of exchange-traded funds (ETFs). Despite the surging popularity of ETFs, mutual funds are expected to remain a force with $19.93 trillion in assets under management as of August 31, 2019.
Whil…
In The Media
Quote by Stuart Blair, CAIA
September 2019
FundFire
Stronger hedge fund performance this year has sparked a slight boost in investor return expectations, but many of them are still not fully satisfied with the results so far as they keep an eye turned toward worries about the equity market cycle, according to a new survey.
Only having 9% of investors report that hedg…
In The Media
Quote by Matthew Lui, CFA, CAIA
July 2019
U.S. News & World Report
While investors traded high-fives over the Dow Jones Industrial Average hitting 27,000, there was a high 500 to celebrate as well. Even if it didn’t garner nearly as much notice, the S&P 500 index slipped past the 3,000 mark for the first time; the Nasdaq composite likewise shattered its previous record the day before,…
In The Media
Quote by Stuart Blair, CAIA
May 2019
FundFire
The frenzied merger and consolidation activity roiling the hedge fund of funds space the last few years may have cooled off, but it has left room for unique deals – and more are likely, experts say.
The resources and overhead required to successfully run a fund of funds could mean some more consolidation or creative…
In The Media
Quote by Stuart Blair, CAIA
April 2019
FundFire
Dallas-based Westwood Group is joining the growing list of managers offering new fee models designed to appeal to investors who don’t want to pay active management fees for passive-like performance. Some critics say performance fees encourage portfolio managers to take excessive risk to hit their targets, but Westwood …
In The Media
Quote by Stuart Blair, CAIA
March 2019
FundFire
The majority of hedge fund investors are keeping their overall allocations to the asset class steady during 2019, but that doesn’t mean they won’t be picking new managers. Growth for hedge fund managers in 2019 could come from reallocations, as investors target new strategies and dive further into areas such as co-inve…
In The Media
Quote by Debashis Chowdhury, CFA
January 2019
Institutional Investor
Canterbury Consulting is setting up a fund of hedge funds for its clients, signaling that appetite remains for an area of asset management that has struggled to attract investors over the past decade.
In The Media
Quote by Debashis Chowdhury, CFA
January 2019
Inside Higher Ed
When President Trump at the end of 2017 signed a Republican-backed tax-reform package into law that included significant changes for colleges and universities, higher ed leaders were left waiting for answers.
They wondered about rules for calculating a new tax on endowments. They sought guidance regarding a tax on p…
In The Media
Quote by Stuart Blair, CAIA
January 2019
FundFire
Large hedge fund managers are increasingly growing their product footprints, but not in the types of strategies where they made their names in the first place. For the industry’s top players, business growth is coming in newer areas, including risk premia, subadvising on mutual funds, and private equity-like funds.
In The Media
Quote by Loren Asmus, CFA
January 2019
MarketWatch
There’s no magic that goes into socially responsible investing. The secret sauce isn’t really a secret: You just figure out what criteria matter most to you and screen stocks that pass muster.
“ESG is a very broad space,” said Loren Asmus, vice president at Canterbury Consulting in Newport Beach, Calif. “It can get …
In The Media
Canterbury Consulting
December 2018
HedgeWeek
Canterbury Consulting, a Newport Beach-based institutional investment advisory firm with more than $18.3 billion in assets under advisement, will turn to Canoe Intelligence (Canoe), in a multi-year relationship to efficiently digitize, track, and organize thousands of documents and data points.
“Canoe’s system will …
In The Media
Quote by Stuart Blair, CAIA
November 2018
FundFire
Opportunities for growth remain around customized solutions, but challenges remain ahead for the fund of funds space, especially with fee pressure, says Stuart Blair, director of research at Canterbury Consulting.
“If you’re below $10 billion, it’s hard to run a business based on the fee schedules and the work that …
In The Media
Quote by Matt Lui, CFA
September 2018
Forbes
The two biggest opportunities Michael Cannivet, founder and president of Silverlight Asset Management, sees for U.S. investors over the next 5 years are: (i) protecting capital ahead of the next bear market, and (ii) subsequently overweighting international assets. For most people, money management is a long-term compo…
In The Media
Quote by Stuart Blair, CAIA
August 2018
FundFire
The hedge fund industry’s largest players have continued growing in size, despite pressure over fees and performance the last few years, with Bridgewater Associates remaining at the top of the pack, followed by fast-growing AQR Capital Management and Man Group, both of which grew assets by more than 40% since 2016, acc…
In The Media
Quote by Loren Asmus, CFA
August 2018
U.S. News & World Report
Shopping for junk doesn't exactly have a luxurious ring to it, whether you're hitting a salvage yard for a '62 Ford Falcon horn or combing through VHS tapes of "Sweatin' to the Oldies" at a rummage sale. So think about it: Why would anyone buy a product called a junk bond – conceived, after all, by that legendary felon…
In The Media
Quote by Stuart Blair, CAIA
June 2018
Los Angeles Times
Cash is creeping back. With interest rates rising and the stock market cooling from its big gains last year, some savers and investors are placing more money into once-dormant cash-related products such as money market funds, bank certificates of deposit and Treasury securities.
In The Media
Quote by Stuart Blair, CAIA
June 2018
FundFire
It’s been a rough few years for the hedge fund of funds space in which liquidations vastly outpaced launches and numerous mergers and acquisitions consolidated the market. But the pace could be starting to level off, industry watchers say, as investors look increasingly to fund of funds shops for customization and nich…
In The Media
Quote by Stuart Blair, CAIA
May 2018
FundFire
In the hedge fund industry, the big keep getting bigger — and their ranks keep growing – with the number of funds managing over a $1 billion hitting a new record. The number of investors dedicating over $1 billion to the sector also ticking up.
The number of hedge funds with at least $1 billion in assets under manag…
In The Media
Quote by Debashis Chowdhury, CFA
May 2018
The NonProfit Times
Pension funds, endowment fund, and foundations are taking a renewed look at their investments and whether they include gunmakers or even companies that sell guns.
In The Media
Quote by Loren Asmus, CFA
May 2018
U.S. News & World Report
Roughly five years ago, foreign bonds moved into the remarkable position of representing a full third of world's capital markets. And today's investors can't help but ponder the possibilities dangled by nations such as China, which with its $11 trillion bond market, represents the world's third largest.
There's at l…
In The Media
Quote by Stuart Blair, CAIA
April 2018
FundFire
Hedge funds are adjusting to a fundamental industry shift splitting the sector between cheap, scalable products and high-fee alpha generating vehicles, according to a new report.
For many hedge fund managers, offering lower cost products still presents a major challenge, says Stuart Blair, director of research at Ca…
In The Media
Quote by Debashis Chowdhury, CFA
March 2018
Inside Higher Ed
Interest in divestment has spiked in recent weeks, according to Debashis Chowdhury, president at Canterbury Consulting, an investment advisory firm managing about $18 billion of assets for endowments, foundations, health care organizations and families.
Donors and parents were asking colleges about their exposure to…
In The Media
Quote by Stuart Blair, CAIA
March 2018
FundFire
Fund of funds clients remain focused on fees and it’s the largest managers that have the ability to keep fees competitive – creating a challenging environment for smaller players, says Stuart Blair, director of research at Canterbury Consulting.
“[I’m] not surprised to continue to see consolidation in the fund of fu…
In The Media
Quote by Stuart Blair, CAIA
February 2018
Institutional Investor
Stuart Blair agrees that hedge funds are willing to do separate accounts for smaller clients. He says unlike investing through commingled hedge funds, which are “one size, fits all,” institutions get to customize a strategy around their risk tolerance, for instance. In addition, clients get to define the level of trans…
In The Media
Quote by Stuart Blair, CAIA
January 2018
Fundfire
“Nothing has changed from last year. Clients are still hesitant to waning in their interest in hedge funds,” says Stuart Blair, director of research at Canterbury Consulting.
“Where we are seeing interest is more in the smaller, niche hedge fund space – hedge funds that can participate in or extract value from pock…
In The Media
Quote by Stuart Blair, CAIA
October 2017
San Francisco Chronicle
SharesPost’s partnership with Fidelity is uniquely suited to Silicon Valley because the two companies can help investors and entrepreneurs fund charitable causes without having to wait for the companies to go public, she said.
In The Media
Quote by Debashis Chowdhury, CFA
September 2017
FundFire
Although underlying asset managers are cognizant of investors’ growing appetite for divestment and ESG issues, investors still need to be implementing “reasonable policy parameters”, says Debashis Chowdhury, president at Canterbury Consulting, a consultant firm that also provides OCIO services. “You really have to mak…
In The Media
Quote by Stuart Blair, CAIA
September 2017
Pensions & Investments
Adding to the pressures, asset owners are beginning to hire general investment consultants for specialty consulting work to reduce the workload on their staffs, said Stuart Blair, director of research at Newport Beach, Calif.-based Canterbury Consulting Inc. "Managing multiple service providers and coordinating their o…
In The Media
Quote by Stuart Blair, CAIA
September 2017
Pensions & Investments
Stuart Blair, CAIA, Canterbury Consulting's director of research, was recently interviewed by Pensions and Investments Online. He gives his insights into an emerging trend in private credit investment lending that may lead to increased risk and distorted returns.
In The Media
Quote by Debashis Chowdhury, CFA
August 2017
Orange County Business Journal
Debashis Chowdhury, CFA, president of Canterbury Consulting, discussed the firm's investment philosophy, allocation strategies and the general state of return expectations in an article on the front page of the August 7 Orange County Business Journal.
In The Media
Quote by Stuart Blair, CAIA
August 2017
Pensions & Investments
Stuart Blair, CAIA, Canterbury Consulting's director of research, was recently interviewed by Pensions and Investments Online. He gives his insights into an emerging trend in private credit investment lending that may lead to increased risk and distorted returns.
In The Media
Quote by Stuart Blair, CAIA
August 2017
FundFire
With shrinking amounts of capital in other parts of the hedge fund space, co-investment vehicles also offer an avenue for managers to tap new capital, and there has been a noticeable uptick in offerings from fund of funds platforms in this vein, says Stuart Blair, director of research at Canterbury Consulting. Investor…
In The Media
Quote by Jaylene Howard, CFA, CAIA
July 2017
TheStreet
"Why shouldn't older workers and retirees invest in environmental, social and governance factors?" Jaylene Howard, a director at Canterbury Consulting. "Responsible investing has been a growing investment strategy for all generations for decades," she added. "However, a key difference between the strategies of the past…
In The Media
Quote by Stuart Blair, CAIA
July 2017
FundFire
“Investors are growing impatient [being] charged for exposures and return drivers that don’t necessarily serve the purpose that alternatives should be serving in their portfolios,” he says. Client interest in smaller funds has grown in part because of spinouts, with some investors looking to follow talent, says Stuart …
In The Media
Quote by Stuart Blair, CAIA
June 2017
Nonprofit News
Kinga Gorniak joined investment consultant Canterbury Consulting as v.p. of alternative investment research on June 19, Director of Research Stuart Blair said. Gorniak is responsible for sourcing, evaluating and monitoring private market managers, Blair said. She will also serve as chairwoman of the firm’s private capi…
In The Media
Quote by Stuart Blair, CAIA
April 2017
FundFire
Funds of funds still have appeal, especially for smaller allocators that want access to the hedge fund space and want to build out their portfolios, says Stuart Blair, director of research at Canterbury Consulting. Clients are focused on performance and fees, but most remain happy with the access funds of funds are pro…
In The Media
Quote by JD Montgomery, CAIA
April 2017
Bloomberg
JD Montgomery, an adviser to about 30 wealthy families at Canterbury Consulting, is among those who have seen some power shift back to family offices. Funds with a history of being highly selective about new investors -- or even closed to them -- are now offering up allocations, sometimes with lower minimums, Montgomer…
In The Media
Quote by Stuart Blair, CAIA
March 2017
FundFire
Still, investors are looking for performance numbers, says Stuart Blair, director of research at Canterbury Consulting. “There is no story they can weave or tell that will satisfy clients. It comes down to actions,” he says.
One noticeable change has been an uptick in managers wanting to explain negative situations,…
In The Media
Quote by Stuart Blair, CAIA
February 2017
FundFire
Different time horizons and cultures in private equity firms and hedge funds have led to some mismatches as private equity shops expanded their alts offerings, says Stuart Blair, director of research at Canterbury Consulting. With private equity shops used to pulling levers and hiring talent to improve performance, the…
In The Media
Quote by Stuart Blair, CAIA
January 2017
FundFire
The long bull market and a wave of large hedge funds experiencing performance challenges have been prime factors leading investors to move capital around, says Stuart Blair, director of research at Canterbury Consulting.
In The Media
Press Release
January 2017
Canterbury Consulting
Newport Beach, California, January 18, 2017 – Canterbury Consulting, an independent investment advisory firm overseeing $17.4 billion for foundations, endowments, and families, recently hosted the 2017 Investment Forum, Canterbury’s annual assembly of some of the world’s foremost investment management leaders. Attendee…
In The Media
Quote by Stuart Blair, CAIA
January 2017
SF Chronicle
Given the prospect of higher interest rates, Stuart Blair, director of research for Canterbury Consulting wealth management firm in Newport Beach (Orange County), says that he’s advising clients to stick to safer assets. “On the venture side, we’re hearing (dollars raised from) new rounds are coming down,” Blair said. …
In The Media
Quote by Stuart Blair, CAIA
January 2017
FundFire
While macro and event driven strategies could find opportunities in the new year, the broader hedge fund market is likely to continue experiencing some pain in 2017 as investors question fees and look for a better alignment of interests, says Stuart Blair, director of research at Canterbury Consulting.
In The Media
Quote by Stuart Blair, CAIA
December 2016
SF Chronicle
“It’s confounding,” said Stuart Blair, director of research for the Canterbury Consulting. “Valuations are already pretty high. At some point, there will be a correction in the markets. But all that seems to have changed now that we have Trump.”
In The Media
Recognition
November 2016
Orange County Business Journal
Debashis Chowdhury, CFA, President, has been selected by the Orange County Business Journal for its inaugural edition of the OC 500. This list honors the most influential individuals from throughout Orange County. Honorees range from top executives at the largest publicly traded or privately held companies to up-and-co…
In The Media
Recognition
November 2016
Forbes
Canterbury is ranked #5 on the 2015 Forbes Top 100 Wealth Managers List. These firms are leading because of their independence, their commitment to their clients and their ability to grow through a decade of market challenges and rewards.
In The Media
Quote by Debashis Chowdhury, CFA
November 2016
U.S. News & World Report
Many investors turn to advisors skilled in this area, says Debashis Chowdhury, president of Canterbury Consulting, an investment consulting firm in Newport Beach, California.
"While there are many providers of index and fund products who provide their own form of pre-screened portfolios, our clients prefer a customi…
In The Media
Quote by Debashis Chowdhury, CFA
October 2016
Orange County Business Journal
We view the fiduciary rule as a positive for investors large and small. Many advisers were already working this way with clients, and this cements and codifies the good things the industry was doing. It’s a confirmation of what we have always thought was the right way to interact with clients: putting their best intere…
In The Media
Quote by Stuart Blair, CAIA
September 2016
SF Chronicle
“A president can help push the economy in a certain direction,” said Stuart Blair, director of research for Canterbury Consulting in Newport Beach. “But there shouldn’t be any major changes to the economy. No matter who comes in, there will be some short-term volatility, but in the long term, that will pass.”
In The Media
Press Release
September 2016
Canterbury Consulting
SEATTLE – (September 7, 2016) – Canterbury Consulting, a leading investment advisory firm overseeing $16.8 billion in assets under advisement for foundations, endowments, and families, has announced the appointment of Jaylene Howard. In her role as investment consultant, Howard will focus on advising institutions and p…
In The Media
Quote by Stuart Blair, CAIA
August 2016
U.S. News & World Report
Avoid what's trending. "Five years ago we had clients who wanted to invest in gold, because everyone was talking about it," says Stuart Blair director of research for Canterbury Consulting in Newport Beach, California. "We counseled them not to make an unnatural tactical play because if you get caught up in the excitem…
In The Media
Recognition
July 2015
Orange County Business Journal
We are very excited to announce that Canterbury Consulting was recently named as one of the Best Places to Work in Orange County in 2015 by the Orange County Business Journal! We are so proud of our entire team and the collaborative, thriving work culture at Canterbury.
The awards program was created in 2009 and is …
In The Media
Announcement
July 2015
Canterbury Consulting
I am pleased to announce today that the company's Board of Directors has elected Debashis Chowdhury to the role of President. The management team will continue to include Michael Laven, CEO and Mike Ethridge, COO.
In The Media
Recognition
May 2015
Forbes
Canterbury is ranked #5 on the 2015 Forbes Top 100 Wealth Managers List.
Read the full article here.
In The Media
Recognition
April 2014
Forbes
Canterbury is #1 on Forbes Top Wealth Manager list. The list is based on ADV data from the SEC and includes firms that offer Wealth Management services and excludes an RIAs that own and/or manage a mutual fund, hedge fund or broker/dealer. Click the link below to read more.
