Q&A | Endowment Trends in Higher Education

Floyd Simpson and Mallory Sampson discuss recent trends around endowment management in the evolving higher education space. 

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Fixed Income Monthly Market Review | April 2024

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Audio Version: Multi-Asset Class Monthly Market Review | April 2024

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Multi-Asset Class Monthly Market Review | April 2024

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InvestEd | China, Deglobalization and Global Fragmentation for Institutional Investors

We explore various datasets to see if there is evidence of a reversal in globalization and the potential impacts for multi-asset class portfolios.

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InvestEd | Liability-Driven Investing for Defined Benefit Pension Plans

LDI can help reduce the risks of unexpected plan contributions and undesirable balance sheet volatility by better matching plan assets with plan liabilities.

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Fixed Income Monthly Market Review | March 2024

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Audio Version: Multi-Asset Class Monthly Market Review | March 2024

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Multi-Asset Class Monthly Market Review | March 2024

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InvestEd | To Sell or Not to Sell Bond Portfolios

The current interest rate environment has caused investors to contemplate selling existing portfolios to replace with similar investments at today’s high yields.

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Fixed Income Monthly Market Review | February 2024

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Special Report | Is a Recession in the Cards

While our base case remains a soft landing, we explore the possibility of a recession in 2024 and whether it would be mild or a more severe economic downturn. 

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Audio Version: Multi-Asset Class Monthly Market Review | February 2024

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Multi-Asset Class Monthly Market Review | February 2024

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Q&A | How PFM Asset Management Gives ‘Something Extra’ with CIO Outsourcing Services

Jim Link discusses why clients are increasingly opting to outsource the role of chief investment officer.

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Fixed Income Monthly Market Review | January 2024

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Q&A | Potential Impacts of Artificial Intelligence on the Financial Services Industry

Floyd Simpson and Emiline Jacobs discuss artificial intelligence and its future in the financial services industry. 

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Multi-Asset Class Monthly Market Review | January 2024

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Audio Version: Multi-Asset Class Monthly Market Review | January 2024

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Fixed Income Monthly Market Review | December 2023

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Audio Version: Multi-Asset Class Monthly Market Review | December 2023

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Multi-Asset Class Monthly Market Review | December 2023

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Audio Version: Multi-Asset Class Monthly Market Review | November 2023

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Multi-Asset Class Monthly Market Review | November 2023

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Fixed Income Monthly Market Review | November 2023

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InvestEd | Effective Board Governance for Endowments, Foundations and Not-for-Profits

We discuss some considerations for boards that can help lead to more effective governance.

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Fixed Income Monthly Market Review | October 2023

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Multi-Asset Class Monthly Market Review | October 2023

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Audio Version: Multi-Asset Class Monthly Market Review | October 2023

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Special Report | Our Thoughts on a Potential Government Shutdown

The federal government’s fiscal year closes on September 30 and the U.S. once again faces the prospect of a federal government shutdown.

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Fixed Income Monthly Market Review | September 2023

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Audio Version: Multi-Asset Class Monthly Market Review | September 2023

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Multi-Asset Class Monthly Market Review | September 2023

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U.S. Bancorp Asset Management names Marc Ammaturo head of OCIO distribution

The business anticipates growth for its Outsourced Chief Investment Officer (OCIO) division.

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Q&A | Agency Commercial Mortgage-Back Securities

James Sims discusses the potential benefits and risks of agency commercial mortgage-backed securities (agency CMBS or ACMBS).

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Audio Version: Multi-Asset Class Monthly Market Review | August 2023

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Multi-Asset Class Monthly Market Review | August 2023

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Fixed Income Monthly Market Review | August 2023

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Audio Version: Multi-Asset Class Monthly Market Review | July 2023

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Multi-Asset Class Monthly Market Review | July 2023

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Fixed Income Monthly Market Review | July 2023

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InvestEd | Our Views on Alternative Strategies and Investments

In this final segment of a multi-part investment education series, Biagio Manieri discusses our views on alternative strategies and investments.

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InvestEd | Our Views on the Manager Selection Process

In this fourth segment of a multi-part investment education series, Biagio Manieri discusses our views on the manager selection process.

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Audio Version: Multi-Asset Class Monthly Market Review | June 2023

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Multi-Asset Class Monthly Market Review | June 2023

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Fixed Income Monthly Market Review | June 2023

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InvestEd | An Overview of Our Asset Allocation Process

In this third segment of a multi-part investment education series, Biagio Manieri discusses our views on proper asset allocation.

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Special Report | Update on the Debt Ceiling

PFMAM offers our thoughts on the continued developments with the U.S. Debt Ceiling.

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Multi-Asset Class Monthly Market Review | May 2023

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Audio Version: Multi-Asset Class Monthly Market Review | May 2023

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Fixed Income Monthly Market Review | May 2023

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Special Report | 2022 NACUBO-TIAA Study of Endowments Results

Our Endowments & Foundations National Practice discusses the results of the 2022 NACUBO-TIAA Study of Endowments (NTSE).

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Fixed Income Monthly Market Review | April 2023

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Audio Version: Multi-Asset Class Monthly Market Review | April 2023

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Multi-Asset Class Monthly Market Review | April 2023

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Special Report | Four Thoughts for the Remainder of 2023

Though we have endured some very turbulent times in the market over the last several years, read more to learn lessons from the difficult and volatile times.

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InvestEd | Developing Our Capital Market Assumptions

In this second segment of a multi-part investment education series, Biagio Manieri discusses our process for developing our Capital Market Assumptions.

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Fixed Income Monthly Market Review | March 2023

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Multi-Asset Class Monthly Market Review | March 2023

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Audio Version: Multi-Asset Class Monthly Market Review | March 2023

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Client Announcement | Update Regarding Silicon Valley Bank

On Friday, March 10, California-based Silicon Valley Bank (SVB) failed. We continue to closely monitor this developing situation and its market impact.

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Perspectives Podcast | 60/40 Portfolios

We sat down with two members of PFMAM's Multi Asset Class Business to talk about the 60/40 portfolio and its place in today's market environment.

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Multi-Asset Class Monthly Market Review | February 2023

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Perspectives Podcast | Effective Governance During Periods of Volatility

We discussed the importance of having effective governance plans and strategies during periods of economic volatility.

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Fixed Income Monthly Market Review | February 2023

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Special Report | Our Thoughts on the Debt Ceiling

While the debt limit has been a source of great debate in recent years, its origins are rooted in compromise and efficiency. 

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Sector in Focus | Positive Arbitrage_Its Back

Earning positive arbitrage becomes more likely as interest rates rise, an upward trend we’ve seen since mid-2022.

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U.S. Bancorp Asset Management names Jim Link head of PFMAM's OCIO division

U.S. Bancorp Asset Management has named Jim Link as head of its institutional Outsourced Chief Investment Officer (OCIO) practice.

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InvestEd | Our Multi-Asset Class Investment Philosophy

In the first segment of a multi-part investment education series, Biagio Manieri discusses our multi-asset class investment philosophy. 

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Fixed Income Monthly Market Review | January 2023

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Q&A | Does the 60/40 Portfolio Still Make Sense?

Floyd Simpson and Don Grant discuss if maintaining a 60/40 portfolio is logical, given the recent volatility in the capital markets and elevated inflation levels.

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Multi-Asset Class Monthly Market Review | January 2023

The monthly market review provides a look back at the markets and outlines some of the key areas we are watching going forward.

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Audio Version: Multi-Asset Class Monthly Market Review | January 2023

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Q&A | More Effectively Communicating Negative Returns to Stakeholders

Recent market volatility has caused most fixed-income investors to experience significant unrealized losses.

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InvestEd | Sustainable Investing Options

Sustainable investing principles have been incorporated into a growing range of asset classes and products.

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Perspectives Podcast | Strategy Session: Endowments and Foundations

Mallory Sampson and Matt Smith discuss how Endowments & Foundations should navigate the current market environment.

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Perspectives | Supranationals: A World of Opportunity

Investors may want to look beyond traditional U.S. government securities to examine the additional opportunity that supranational bonds can offer.

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Audio Version: Multi-Asset Class Monthly Market Review | December 2022

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Multi-Asset Class Monthly Market Review | December 2022

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Special Report | Federal Reserve Announces its Latest Interest Rate Hike

The Federal Open Market Committee announced a 50-basis point increase in the federal funds rate.

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Fixed Income Monthly Market Review | December 2022

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Fixed Income Monthly Market Review | November 2022

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Multi-Asset Class Monthly Market Review | November 2022

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InvestEd | Effective Governance During Periods of Volatility

With the world in a seemingly constant state of flux, increased volatility has led to increased uncertainty.

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Perspectives | Cryptocurrency Basics - From An Investor Perspective

Cryptocurrencies have become one of the trendiest investment topics over the past few years.

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Sector in Focus | Arbitrage Rebate Basics

Take a look at the arbitrage rebate basics we think every issuer should be familiar with and understand.

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InvestEd | Why Consider Asset-Backed Securities Now?

For decades, investors have considered ABS to be a secure and profitable addition to fixed-income portfolios.

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Q&A | How Endowments and Foundations Can Better Persevere in a Volatile Environment

Our National Endowment & Foundation Practice discusses how to navigate the current market environment.

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Perspectives Podcast | Strategy Session: Manager Selection

Floyd Simpson discusses what goes into the manager selection process and why it is an important subject.

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Perspectives Podcast | Structured Investments: Guaranteed Investment Contacts

Chris Harris discusses the nuances of structured investments and Guaranteed Investment Contracts (or GICs).

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Special Report | Federal Reserve Raises Rates by 75 Basis Points

Earlier today the Federal Reserve announced that it will raise its benchmark federal funds rate by 0.75%; a move that was largely anticipated by market participants.

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Perspectives Podcast | Strategy Session: ESG Investing

David Reeser answers some frequently asked questions to provide general guidance about ESG investing.

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Q&A | Investing Bond Proceeds - Structured Investments and GICs

Chris Harris discusses structured investments and guaranteed investment contracts (GICs).

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Q&A | The Importance of the Manager Selection Process

Floyd Simpson discusses what goes into the manager selection process and to understand why this is a truly important subject.

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Perspectives Podcast | Spending Policies

Today, we discuss the importance of building effective spending policies, and why your organization needs one.

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Perspectives Podcast | Hot Topics in Today's Economy

In this podcast Biagio Manieri, PFMAM’s Global Chief Multi-Asset Class Strategist, weighs in on several economic and geopolitical issues that are impacting the capital markets. 

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Perspectives Podcast | All About Bond Proceeds

We sat down with our Structured Products Director Chris Harris to discuss the investment of bond proceeds.

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Frequently Asked Questions About ESG Investing

We answered some frequently asked questions to provide general guidance about ESG investing.

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Perspectives Podcast | 2022 Capital Market Assumptions

Join us as we discuss PFMAM's 2022 capital market assumptions. 

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Perspectives | The Effects of Rising Interest Rates on Fixed Income Markets

The consensus view is that the Federal Reserve will raise interest rates throughout the coming year.

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Perspectives Podcast | Tax Compliance for Bond Proceeds

We discuss the basics of tax compliance and explore the link between tax and investment strategy for bond proceeds. 

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Special Report | Investment Implications of Russia’s Invasion of Ukraine

While the humanitarian toll remains on the top of our minds, we must also consider the investment implications for our clients.

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InvestEd | Spending Policy 2.0

Decision-makers overseeing endowment or foundation funds must adopt an appropriate spending calculation method.

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U.S. Bank completes acquisition of PFM Asset Management

U.S. Bank announced that its subsidiary, U.S. Bancorp Asset Management, Inc. has closed on the agreement to purchase PFMAM.

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InvestEd | Spending Policy Goals for Endowments & Foundations

Developing and updating a spending policy is one of the most important actions that a board of trustees can take for its endowment or foundation fund.

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InvestEd | Lessons Learned During the Pandemic

This tumultuous period has naturally caused us to thoughtfully reflect on a few lessons as well as what we have seen played out among investors since early 2020. 

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Q&A | Pulling Back the Curtain on Investing Bond Proceeds

In the following Q&A session, Christopher Harris discusses PFM Asset Management’s strategy and views when it comes to investing bond proceeds.

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InvestEd | How Does ESG Impact Performance?

We examine the impact of ESG on performance in the fixed income sector by evaluating the performance and risk characteristics of comparable ESG and non-ESG indices.

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Special Report | COVID-19 and the Arbitrage Requirements

Many tax-exempt bond issuers are realizing the impact the pandemic has had on their projects, plans and budgets.

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Special Report | What You Should Consider About Benefit Bonds

The issue of funding an increasing pension liability is always top of mind for many trustees and state officials. 

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InvestEd | Short Duration Strategies are Worth a Look

The current environment caused many investors to ponder ways to generate positive returns, particularly those that operate in the world of fixed-income.

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PFM Multi-Manager Funds Achieves 3-Year Track Record and Surpasses $2 Billion in AUM

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Special Report | Why Long-Term Rates are Rising as Short-Term Remain Near-Zero

Despite the headlines about rising rates, investors in the short end of the yield curve aren’t seeing the same increase as their long-term counterparts.

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InvestEd | Multi-Asset Class Minority Manager Investing

The rise in ESG investing has driven an increased awareness of and interest in minority-owned investment firms.

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InvestEd | ESG Strategies and Key Considerations for Implementing an ESG Approach

We work with clients to help them develop and implement ESG solutions customized to their sustainable investment objectives.

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Perspectives | An Introduction to Alternatives in Multi-Asset Class Portfolios

Assets outside of traditional publicly-traded bonds and stocks, such as private equity and/or real assets, have come into focus.

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InvestEd | Our Manager Research Process

Manager research is an integral part of a broader portfolio management process. We explore the two aspects of manager research, which are manager selection and manager oversight.

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Q&A | Our Environmental, Social and Governance Multi-Asset Class Investment Capabilities

Floyd Simpson and Bikram Chadha discuss our ESG multi-asset class investment capabilities and answer some frequently asked questions.

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InvestEd | Outsourced Chief Investment Officer Trends and Best Practices

The ideas and steps outlined serve as a baseline to help institutional investors assess either their current or future OCIO provider.

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PFMAM's Environmental, Social and Governance Glossary

Despite the recent boom in socially conscious investments, some confusion remains when it comes to defining certain ESG terms and acronyms.

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