The Longleaf Fund

The primary investment option for new endowments is our proprietary Longleaf Fund. 

Established in the spring of 2007, the Longleaf Fund employs specialist managers by asset style (e.g.  large cap value equity, international equity, fixed income) rather than a single manager managing all asset styles.  Current Longleaf Fund managers are:

 

Asset Style

Manager

Large Cap Growth Equity

Eads & Heald Investment Counsel
Goldman Sachs Asset Management

Large Cap Value Equity

Metropolitan West Capital
Delaware Capital Management

Mid Cap Equity

First Citizens Capital Management

Small/Mid Cap Equity

Oak Ridge Investments
Dreman Value Management

International Value Equity

Alliance Bernstein (Value)
Rennaissance Investment Management (Growth)
Lazard Asset Management (Emerging Markets)

Fixed Income

First Citizens Capital Management
Madison Investment Advisors
PIMCO Total Return

 

As Longleaf grows, additional managers will be added both for diversification and competition.  We believe that in the long-run, Longleaf’s specialist managers, tougher benchmarks and greater diversification will provide compelling results. 

Additional asset managers

Aside from the Longleaf Fund, the Foundation has long-term relationships with a number of additional asset managers. The portfolio is evaluated against recognizable and commonly used benchmark indices and reported to fundholders on a quarterly basis. Asset management fees are netted to manager performance.

Email John Hartley, Director of Finance, with questions regarding investment management and the portfolio or call 919-256-6918. 

Financial statements

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