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
2016

Our View

July 12, 2016

U.S. equity investors have struggled with conflicting economic data, feeding arguments for both bulls and bears. The non-farm payroll number is a clear example of why investors are confused. May’s payroll number (11,000 new jobs) was very weak and declined for the third month in a row. The June payroll number was very strong (287,000 new jobs), indicating that May’s number was an aberration, confirmed as well by continued low unemployment claims. Bears have also cited the flattening of the U.S. Treasury yield curve – often a sign of slowing growth or a possible recession. read more ❯

Q1
2016

Our View

April 1, 2016

It has been an interesting and difficult quarter for investors. The S&P 500 closed last year at 2044 and now trades at 2060, a very modest gain for first quarter. However, on February 11th it sold at 1829, a decline of 10.5% from year-end, and down 14% since its peak of last July. In fact, the market’s behavior since then has been one of substantial swings; there have been four significant declines and four recoveries and, on balance we are still 3.2% below the peak last summer. Importantly, many stocks have performed much worse than the averages and have inflicted notable damage to portfolios. read more ❯

1.20.16

Market Commentary

January 20, 2016

The stock market started to drop in July, recovered in October and started to decline again in December. Weakness has accelerated in the first two weeks of 2016 and there is a degree of panic in the air. Several concerns are dominating, including: disappointing manufacturing data in the U.S., a continued decline in oil prices and new supply from Iran coming online, the Federal Reserve raising interest rates for the first time in nearly ten years, and a decelerating Chinese economy coupled with currency concerns. Our thoughts are as follows: read more ❯