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
The nub of this note is telegraphed by its title, with passive surrounded by quotes to underscore the fact that all investment strategies, even and indeed especially ultra-diversified ones, entail the exercise of human judgment. How so? Because no one has assembled or indeed could assemble a portfolio comprising fractional interests in all investable assets — not without making crucial judgments about which assets to include, in what weights, and not without somehow compelling pre-existing owners of non-marketable assets to sell slices of them to complete the exercise. Of course, no sensible investor would want to hold a truly comprehensive basket of investable assets, especially one constructed in accordance with the most widely followed rule for “passive” portfolio construction circa 2019, namely capitalization weighting. read more ❯
Equity markets declined sharply in the fourth quarter ending the year in negative territory globally. While it is difficult to pinpoint a single factor that caused the market reversal, the culprits were concerns about rising interest rates, geo-political uncertainties such as Brexit, trade war escalation and increased concern about the possibility of a material policy mistake. While there is a universal abhorrence for negative returns, the quarter was made more tolerable as New Providence had positioned portfolios to be underweight equities and other risk assets. In addition, volatility creates silver linings amidst the storm clouds, especially for the patient investor with a long-term perspective. read more ❯
We believe that the Chinese stock markets represent an attractive investment universe for active equity managers. read more ❯