Working in partnership with our clients and investment managers to provide for a sustainable future.
New Providence is an integrated investment office serving Endowments, Foundations, Individuals and select Families. We provide clients the advantages of: EXPERIENCE, INDEPENDENCE, FOCUS and ALIGNMENT OF INTERESTS.Read More
We believe that strategic asset allocation combined with astute manager selection will produce the greatest investment results. Our mission is to preserve and enhance our clients’ financial capital by investing with those managers best suited to helping our clients achieve their long term goals.Learn More
The senior members of the New Providence investment team have on average, over 25 YEARS OF INVESTMENT EXPERIENCE. Our active partners own over 95% of the firm and are deeply committed to managing portfolios as well as client relationships.See More
Global equity markets rebounded strongly in the second quarter from late March market lows (Chart 1), exceeding many investor expectations that were acutely focused on frightful economic data and the continuing health crisis. Unprecedented global liquidity in the form of monetary and fiscal programs, improving economic data, and historically low interest rates, have led investors to the conclusion that equities are the only option for compounding long-term capital. While peak volatility is behind us, our base case is that a recovery to 2019 economic and earnings levels is a long way off. The most critical catalyst for a recovery is, of course, a vaccine or a proven therapeutic solution. There is reason to be constructive, even optimistic, that a vaccine may be feasible in 2021 with over 150 vaccine candidates in development and manufacturing plans already in place to produce on a monumental scale. Nonetheless, this crisis has revealed multiple fragilities that were underappreciated until they were so starkly exposed, and a rapidly evolving investment landscape that is revealing some important conclusions – including three that we believe will impact investors for years to come. read more ❯
First and foremost, everyone at New Providence hopes you and your family are healthy and safe. If you want or need to speak with any of us, for any reason, we are available at any time. The coronavirus is not just a human health crisis, it is also an economic one; and while we are all working remotely, we are entirely focused on successfully managing your capital through this crisis. read more ❯
If one had to design the ideal stock market, what would it look like? It would have to offer a sizable number of securities, to enable the most skilled investors to build differentiated portfolios; provide sufficient liquidity, to allow flexibility in sizing positions; present valuable trading inefficiencies and frequent mispricing of stocks, to be exploited through fundamental research; exhibit a high dispersion of returns, favoring talented stock pickers over index huggers; and be supported by a steady stream of fund inflows from large allocators. read more ❯