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
2019

Our View

October 2019

Third quarter returns for equities and bonds were mostly positive (Table 1) and mark a continuation of the narrative that low and declining interest rates are good for both equity and bond markets. The past is not necessarily prologue, but year to date there has been a bull market in optimism. For example, the S&P 500 has appreciated over 20%, while S&P 500 earnings have grown only 1.5%, the difference, of course, is an expansion in valuation multiples. Earnings will need to accelerate, or investors may grow concerned that stock prices are ahead of fundamentals, and this may be a tall order with global growth slowing and wage pressure rising. read more ❯

Unncessary Evils

Summer 2019

Basic Test. 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 our 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 essay — 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 ❯

Q2
2019

Our View

July 2019

The second quarter offered something for everyone, with global stock and bond markets producing strong returns (see Table 1). The most interesting aspect of returns year to date has been the markets’ interpretation of the environment. Bond markets have been strong on the presumption that the Federal Reserve, and other global central banks, will cut rates due to data suggesting weaker economic growth. Lower bond yields and inverted yield curves have traditionally been indicators of something ominous coming, but equity markets have taken that same economic data and concluded that bad news is good news. The S&P 500, for example, closed the second quarter at an all-time high. read more ❯