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This approach is intended for the funding of long-term investment problems such as defined benefit pension plans, foundations and endowment funds. The objective of these portfolios is to produce reliable long-term returns that are greater than those of an unmanaged portfolio.
Primary focus is on the long-term protection and building of future income streams rather than on short-term fluctuation in investment returns. The benchmark for most of these portfolios has about a ten-year duration, but we manage to a range of long duration assignments.
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