The North Carolina Community Foundation Investment Fund

The primary investment option for new endowments is our proprietary North Carolina Community Foundation Investment Fund -- or NCCF Investment Fund. 

Established in the spring of 2007, the NCCF Investment 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

Fayez Sarofim & Co.
Montag & Caldwell, LLC
Winslow Capital Management

Large Cap Value Equity

Delaware Capital Management
BlackRock Investments, LLC

Mid Cap Equity

First Citizens Capital Management
Sterling Capital Management, LLC

Small/Mid Cap Equity

Oak Ridge Investments
Dreman Value Management

International Value Equity

Delaware Capital Management (Value)
Renaissance Investment Management (Growth)
Lazard Asset Management (Emerging Markets)

Fixed Income

 

First Citizens Capital Management
Sterling Capital Management, LLC
PIMCO Total Return

Alternative Strategies

 

Confluence Investment Mgmt (Hard Assets)
Astor Asset Management (Long/short)
Campbell, Steben (Managed Futures)
PIMCO All Asset All Authority

 

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

Additional asset managers

Aside from the NCCF Investment 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

Back to the top