Trust, track record and flexibility were the key criteria for the MEL in selecting a Portfolio Consultant. Fernando Garip, the Managing Director of Portfolio Strategy for Clearbrook, has worked with the MEL for over two decades in various capacities, so he knows them well. His track record and Clearbrook’s depth of global investment experience, flexibility to create customized solutions and cost-effective structure makes Clearbrook the best partner for the MEL to trust as Portfolio Consultant.
“Trust is the only currency we have to trade,” said Garip. “Expanding the ability to protect MEL fund’s assets and mitigate risk is a critical aspect of Clearbrook’s overall strategy and obligation to MEL. This partnership allows the MEL to keep its promises to its members and protect the state’s taxpayers.”
For Clearbrook, mitigating downside risk is as important as upside return in ensuring that public plans have the income and assets to meet their obligations. The firm focuses on long-term performance and is dedicated to forward-thinking analysis and risk mitigation strategies which is critical in today’s volatile climate.
Clearbrook’s investment acumen and portfolio experience doesn’t just benefit investors, it positively impacts the beneficiaries of public funds, endowments, foundations, and pension plans. The firm prides itself in offering the independence and open architecture which enables the firm to tailor Rightsourced℠ investment solutions for each of their clients.
“We are proud that MEL entrusted Clearbrook with the role of Portfolio Consultant. We understand the obligation of putting the interest of MEL and its members before any competing interest or agenda,” said Elliott Wislar, CEO & Founder, Clearbrook. “Our ‘best ideas’ investment process ensures that every client benefits from the full depth and breadth of our firm’s research capabilities. Our relationship with the MEL and the Joint Insurance Fund (JIF) Program clearly demonstrates Clearbrook’s capabilities in the public funds industry.”
MEL – New Jersey’s MEL system is the largest municipal property-casualty pool in the country with an annual budget of over $200 million and a statutory surplus of almost $200 million dollars. For over three decades, JIFs have modernized risk management for New Jersey local government. JIFs’ affiliation with MEL has saved taxpayers over $3 billion.
Clearbrook is a privately held, SEC registered, advisory firm that fully embraced the “transparency revolution” in the advisory space 14 years ago. Clearbrook’s vision to re-invent the advisory industry by working collaboratively with investment managers, treating clients as partners and providing an unbiased oversight of client’s portfolios, utilizing open architecture and a forward-looking capital markets approach to manager selection and asset allocation, has proven successful. The firm provides comprehensive, objective investment advice and solutions to clients which include Public Funds, Endowments & Foundations, Corporate Pensions and Family Offices.