Prescience, Prudence

and Partnership

Working in partnership with our clients and investment managers to provide for a sustainable future.

An integrated approach

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.

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Investment services

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.

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Seasoned, Innovative, Global Investors

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.

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Latest News

Q2
2018

Our View

July 2018

The second quarter was characterized by continued uncertainty and market turbulence as investors grappled with strong corporate earnings offset by increased macro and political risks. Consequently, global equity markets showed mixed performance with the S&P 500 generating a positive return (+3.4%), while non-US developed market equities declined (-1.2%) and emerging markets receded (-8.0%)1. From our perspective, the outlook for equities has deteriorated somewhat for several reasons, outlined below. read more ❯

A Candid Coversation

2018

The work done at money management firms comprises typically three main functions: (1) Investing (obviously!); (2) Outreach (i.e., interacting with existing and prospective clients); and (3) for lack of a better term, Other (i.e., accounting, audit, compliance, HR, IT, and myriad important additional tasks that money management firms must do well in order to succeed). While seemingly distinct, these three functions are interrelated, the most obvious nexus being the imperative for investment pros seeking to steward Other People’s Money (OPM) to persuade potential clients to become and remain actual ones. read more ❯

Unnecessary Evils

2018

Founded at the turn of the current century by legendarily successful investor John Vogelstein, New Providence is led by experienced professionals who view investment counseling as a profession, not a business, and are committed to the pursuit of excellence in all aspects of their work. Such work centers on the shaping and ongoing refinement of both comprehensive and specialized investment programs for a select group of wealthy families and endowed charities. Given the US-centric bias of portfolios stewarded by many recipients of this call to action — a bias at odds with the very full current pricing of assets flattered by it — the time is ripe for such principals to undertake a thorough review of their investment policies and practices. read more ❯