News & Events


  Back to News & Events
Canterbury Consulting Hosts 2018 Annual Investment Forum
Press Release

Experts Discussed Macroeconomics, Global Equity and Credit Markets, the State of Philanthropy and the Future of Healthcare

NEWPORT BEACH, Calif.Jan. 24, 2018 /PRNewswire/ -- Canterbury Consulting, an independent investment advisory firm overseeing $18 billion for foundations, endowments, and families, recently hosted its 2018 Investment Forum, Canterbury's annual assembly of prominent investment management leaders. Attendees were treated to insights on investing, the state of philanthropy, and the future of healthcare from notable thought leaders including TCW, Centerbridge Partners, Crescent Capital Group, The Leuthold Group, Northern Trust Asset Management, Parametric, Vaughan Nelson, the California Community Foundation, and the University of California, Irvine Health System.

In his economic and financial market outlook presentation, Jim Paulsen, Ph.D., chief investment strategist at The Leuthold Group, LLC, shared his thoughts on U.S. growth, productivity, inflation, and how Main Street and Wall Street have been impacted.

“To some extent the political process stimulated confidence—whether it was caused by regulatory or pending tax cuts, or reduction of financial regulation, is difficult to tell. What we do now have is the greatest confidence among consumers, businesses, and investors today, as we start this year, than we ever had in this recovery,” said Paulsen. “I still suspect it probably had more to do with the pickup in the global economy and how we returned to full employment than it did with whom we elected president. But it is difficult to deny the correlation.”

More than 200 of Canterbury Consulting’s endowment, foundation, healthcare, and family office clients received sage advice on philanthropic management from Paul Schulz, vice president, development and donor relations, California Community Foundation. His presentation touched on the differences in management styles and effectiveness between for-profit and nonprofit institutions, as well as trends in giving. He noted in particular the falling donations to social services nonprofits.

“While over $390 billion was donated to charitable organizations in 2016, giving to social service nonprofits is falling behind,” said Schulz. “Social service nonprofits face a tough fundraising landscape and must show impact to keep donor interest. The business leaders who serve on their boards can help by pushing these nonprofits to be data-driven and encourage healthy debate about mission and outcomes.”

Highlights of the event included an in-depth presentation by Howard Federoff, M.D., Ph.D., CEO of UCI Health System, who communicated the challenges facing the healthcare industry and potential solutions. Two moderated panels focused on opportunities in U.S. equities and credit.

Opportunities in Credit panelist Tad Rivelle, managing director and CIO of Fixed Income at TCW, said “The big story of this cycle has been what the central banks have been doing to support markets. They have been falsifying asset prices so as to encourage both animal spirits and credit creation.”

This is the tenth year Canterbury Consulting has hosted the annual invitation-only investment forum.

“This year’s investment forum showcased not only leaders in the investment-management industry but also thought leaders on healthcare policy and philanthropy,” said Debashis Chowdhury, president, Canterbury Consulting. “Our expert speakers engaged with the audience on wide-ranging topics, and we continue to take pride in creating an environment in which trustees and asset owners alike can gain knowledge directly from industry thought leaders while also networking and collaborating with peers on common challenges.”

Read the full article here