Category

Research

Makena 2021 Sustainability Report

By Research

Makena believes that identifying and advancing material factors related to environmental stewardship, social impact, and corporate governance can improve shareholder returns. Our sustainable investment framework starts with and is rooted in our fiduciary responsibility to deliver the highest risk-adjusted, long-term returns for our investors.

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Navigating the OCIO Spectrum

By Research

The last decade has seen tremendous growth in Outsourced CIO (“OCIO”) assets, from just $100 billion globally in 2007 to over $2 trillion today. However, the term “OCIO” is broad, at best. We have identified four key areas of differentiation among the OCIO industry. Within each area, there is a wide spectrum of offerings. This Makena Insight acts as a guide to navigating each area of differentiation. Understanding the breadth of offerings and how to assess them will help focus an institution’s OCIO search.

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Calendar Year 2020 Marketables Investor Letter

By Research

In order to provide more regular and timely insights around our approach to the Public Equity, Hedge Funds, and Fixed Income asset classes, Makena is introducing a new semi-annual Marketables Investor Letter. This first edition outlines the implications of 2020’s market actions and reviews Makena’s approach to active management in Public Equity.

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Cryptocurrency & Blockchain

By Research

Cryptocurrency and blockchain technology have the potential to upend the financial system, the internet, and the very notion of a corporation. But does the hype around this rapidly expanding technology translate to practical investment themes? The latest Makena Insight outlines the multiple functions of blockchain technology as they relate to a well-balanced venture capital portfolio.

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Makena 2020 ESG Report

By Research

By integrating ESG factors into our investment activities, we believe we can materially enhance financial and operating outcomes. Makena’s 2020 ESG Report examines our philosophy and process around ESG integration, and reviews the evolution of our approach over time.

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Rebalancing and The Equity Risk Premium

By Research

Market drawdowns throw portfolios out of balance and force investors to make difficult decisions around rebalancing. With COVID-19 as a backdrop, Makena’s latest insight examines the equity risk premium (“ERP”) through historical downturns as a guide for investors rebalancing into risk assets.

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Mid-Year 2020 Letter

By Research

Makena’s Mid-Year Investor Letter provides a recap of the first six months of 2020, including market context and how Makena relied on its core investment beliefs to navigate the volatility. The letter also compares and contrasts “quality” and “value” as investors try to discern the true worth of a company beyond its tangible assets.

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Emerging Markets Update

By Research

In Makena’s latest insight on Emerging Markets, we dive into our differentiated strategy for EM equity investing, which utilizes a targeted, bottom-up approach to bypass the suboptimal exposure of the passive emerging markets options.

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Coronavirus Response: Update

By Research

The coronavirus pandemic is expanding at a seemingly increasing velocity. We continue to monitor the situation and its implications closely. This is an update to our post from last week. We will continue with regular updates as the situation develops.

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