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
2017

Our View

October 4, 2017

Geo-political risks, particularly North Korea, are elevated and episodically impacting financial markets. Combining this with higher stock market valuations, some signs of late cycle economics, and a challenging legislative environment might suggest that portfolios should be underweight risk assets, such as equities. However, we remind ourselves that unpredictable geo-political events are always present and are very difficult to assess with certainty as to timing and outcome. We also believe it is possible that a series of virtuous economic and business outcomes could evolve. As a result, we believe it is still too early to be underweight equities, although we have eliminated the overweight that portfolios had previously exhibited. read more ❯

Q2
2017

Our View

July 10, 2017

In the second quarter the S&P 500 advanced 3.1%, bringing the index up 9.3% year to date1. We have used strength in the equity markets to further reduce exposure to U.S. equities, and we are now underweight U.S. equities within long-term growth strategies2 (predominantly common stocks). U.S. corporate profit growth has been the main driver of the stock market year to date; however, expectations for substantial reform initiatives in healthcare and corporate taxes appear bogged down in Washington, and are quite likely to be watered down and delayed. In addition, the Federal Reserve plans to begin “balance sheet normalization” which could result in higher interest rates, a higher cost of debt, and tighter money supply. read more ❯

Q1
2017

Our View

April 7, 2017

The S&P 500 has returned 11.3%1 since last November’s election on the premise that a pro-business agenda focused on tax cuts, deregulation, and infrastructure spending would be positive for the economy and the stock market. Five months into the rally and with little in the way of concrete results yet, this upturn will need to be accompanied by policy achievements in Washington and continued improvement in the U.S. economy to support the market’s higher valuations. We believe the following are important if U.S. equities are to continue to advance: read more ❯