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

Q3
2018

Our View

October 2018

U.S. equities performed well in the third quarter +7.7% (see Table 1), significantly outperforming all other geographic areas, particularly Asia ex-Japan, which declined 1.5% for the quarter, a continuation of a divergence trend that we saw emerge in the middle of the second quarter. Exposure to U.S. equities remains the largest geographic allocation in client portfolios but an area where we have been trimming exposure on market strength. While we did not make substantial changes to portfolio allocations in the third quarter, our bias today is that the next portfolio move is likely to be to further trim exposure to equities as the current cycle ages. read more ❯

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 ❯