ASSET & WEALTH · PRIVATE & INSTITUTIONAL CAPITAL
Pension & Endowment
Manager Framework
Liabilities stretching decades have to be matched against the assets meant to meet them, under a fiduciary standard and trustee oversight that examines process as closely as performance. We build the mandate to be examined — investment policy and liability modelling, manager selection and monitoring, custody and transition management, risk and funding-level reporting, and trustee governance support.
THE SPECIFICATION
Architecture & Audience
A pension or endowment manager is measured against a liability rather than an index. The obligation is known, long-dated and non-negotiable, which inverts the ordinary priorities: capital preservation ranks above return, and a strategy that outperforms while increasing funding volatility has failed. Governance sits with trustees, and the manager operates within it rather than around it.
Sponsors establishing an in-house investment function; managers building an OCIO or fiduciary management offering; and endowments and foundations professionalizing an informally managed portfolio.
What We Deliver
A complete architecture, designed, launched, and managed
We model the liability profile and funding position of the scheme to establish the parameters within which the investment strategy must operate. Asset allocation begins with the liability, not the benchmark.
We build the investment policy statement that defines the mandate, return objective, risk tolerance, and asset allocation ranges the scheme will operate within. The policy is reviewed by trustees and governs all mandates.
We design the strategic asset allocation that balances return requirements against the liability structure and liquidity constraints of the scheme. Allocation is stress-tested against funding shortfall scenarios.
We design the trustee governance structure — committee constitution, decision-making authorities, and delegation to executives and managers — that satisfies the regulatory expectations for the scheme type.
We build the manager selection process and ongoing monitoring framework used to appoint and oversee external investment managers. Selection criteria, review frequency, and termination triggers are documented in advance.
We source and appoint the global custodian and scheme administrator appropriate for the asset universe and reporting requirements. Service levels and transition arrangements are agreed before appointment.
We deploy the systems that track funding level, asset-liability mismatch, and manager risk on an ongoing basis. Trustee reporting reflects the funding position at every meeting, not only annually.
We design and implement the trustee reporting pack that gives trustees the information required to discharge their fiduciary duty at each meeting. Reports are clear, timely, and produced without manual assembly.
We manage the regulatory submissions required by the scheme’s jurisdiction — including actuarial, investment, and governance returns — on an ongoing basis. Submissions are delivered accurately and on schedule.
What We Deliver
A complete architecture, designed, launched, and managed
We model the liability profile and funding position of the scheme to establish the parameters within which the investment strategy must operate. Asset allocation begins with the liability, not the benchmark.
We build the investment policy statement that defines the mandate, return objective, risk tolerance, and asset allocation ranges the scheme will operate within. The policy is reviewed by trustees and governs all mandates.
We design the strategic asset allocation that balances return requirements against the liability structure and liquidity constraints of the scheme. Allocation is stress-tested against funding shortfall scenarios.
We design the trustee governance structure — committee constitution, decision-making authorities, and delegation to executives and managers — that satisfies the regulatory expectations for the scheme type.
We build the manager selection process and ongoing monitoring framework used to appoint and oversee external investment managers. Selection criteria, review frequency, and termination triggers are documented in advance.
We source and appoint the global custodian and scheme administrator appropriate for the asset universe and reporting requirements. Service levels and transition arrangements are agreed before appointment.
We deploy the systems that track funding level, asset-liability mismatch, and manager risk on an ongoing basis. Trustee reporting reflects the funding position at every meeting, not only annually.
We design and implement the trustee reporting pack that gives trustees the information required to discharge their fiduciary duty at each meeting. Reports are clear, timely, and produced without manual assembly.
We manage the regulatory submissions required by the scheme’s jurisdiction — including actuarial, investment, and governance returns — on an ongoing basis. Submissions are delivered accurately and on schedule.
Infrastructure Selection
X-CHASE holds no commercial interest in any provider, assessing them strictly on live performance, structural fit, and renewal terms. Providers are named exclusively under formal engagement, never on a public website.