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The white papers and thought leadership articles published prior to 2019 were created under the Wespath Investment Management brand name. Upon the January 2019 launch of Wespath Institutional Investments, the Wespath Investment Management brand name was discontinued.

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Three Decades of Impact and Performance: Wespath’s Positive Social Purpose Lending Program

In celebration of our PSP Lending Program’s 30-year anniversary, PSP Director Sylvia Poniecki wrote a reflective white paper detailing how PSP seeks to deliver market‐rate returns while supporting affordable housing and positive community impact around the world.

Posted August 24, 2020

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The Small and Mid-Cap Stock Advantage

Company size, measured by market value or market capitalization (market cap), is an important factor when analyzing and selecting stocks. But getting a handle on small-cap, mid-cap and large-cap strategies can be daunting for investors. In our latest paper, Mark Warren – Manager, Public Equities – breaks down these concepts and explains why the Wespath equity funds maintain a “bias” to small and mid-sized companies.

Posted June 10, 2020

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Wespath’s Private Equity Strategy: The Evolving Approach

Wespath funds have held private equity investments since 2003, but the landscape has evolved since then. This paper—authored by Brian Boyer, Director of Private Markets, who writes with over 30 years of experience in investment management—describes the various strategies Wespath has researched and implemented in its private equity program over the years. He also examines emerging industry trends and explains how Wespath’s private equity strategy continues to deliver value to pension participants and institutional investors.

Posted March 3, 2020

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2017-2018 Sustainable Investment Report—Creating a More Sustainable Global Economy

2017-2018 Sustainable Investment Report—Creating a More Sustainable Global Economy

Wespath's 2017-2018 Sustainable Investment Report takes a deep dive into its work to seek positive financial returns, while also seeking a positive impact on the world around us. This report is also Wespath’s first to incorporate the Task Force on Climate-related Financial Disclosures (TCFD) framework.

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Wespath's "Transition Ready" Strategy—Investing for a Low-Carbon Future

Wespath's "Transition Ready" Strategy—Investing for a Low-Carbon Future

In this interview, Juan Lois, Manager, Impact Investments, and Kaitlin Bergan, Vice President of BlackRock’s Institutional Products Group, discuss the development, philosophy and custom framework behind the new "Transition Ready" strategy.

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Investing for Endowments and Foundations

Investing for Endowments and Foundations

Endowments and foundations exist in perpetuity and must address the challenge of finding the correct balance of risk and rewards in the management of their assets to support their ability to fulfill their mission for generations into the future. This paper by Chief Investment Officer Dave Zellner describes Wespath's flexibility to execute a strategy customized to meet the unique needs of each client.

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ESG Integration in External Asset Manager Selection

ESG Integration in External Asset Manager Selection

Wespath believes assessing an external asset manager’s ESG competencies during the selection process is an important element of enhancing long-term returns and mitigating investment risks. In this report, Nick Abel, Sustainable Investment Specialist, and Juan Lois, Research Analyst, Sustainable Investment Strategies, explain how Wespath aims to uncover managers’ ESG strengths throughout this process.

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The Benefits of International Investing

The Benefits of International Investing

There is an ongoing global shift in financial markets, with a greater share of global investment opportunity and economic growth coming from outside the United States. This shift is influencing long-term investors who may benefit from increased returns and from reduced portfolio risk by investing in international markets. Mark Warren, Manager, Public Equities, explains.

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ESG Integration—Evaluating and Monitoring External Asset Manager Performance

ESG Integration—Evaluating and Monitoring External Asset Manager Performance

This report outlines Wespath's ESG Appraisal, the internal process we developed to benchmark how our external asset managers integrate environmental, social and governance (ESG) factors into investment decision-making.

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Did Your Asset Manager Choose an Appropriate Benchmark?

Did Your Asset Manager Choose an Appropriate Benchmark?

An inappropriate benchmark can make a skilled manager look ineffective or an underperforming manager look capable. However, choosing the right benchmark is subjective and not always straight-forward—it requires careful consideration between the asset owner and investment manager.

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Case Study: Shareholder Engagement—Identifying Human Rights Risks

Case Study: Shareholder Engagement—Identifying Human Rights Risks

This paper contains practical learnings and engagement questions to five key challenges faced by the extractives sector when implementing the U.N. Guiding Principles on Business and Human Rights (Guiding Principles).

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Wespath's Hedge Fund Strategy—The Path Not Followed

Wespath's Hedge Fund Strategy—The Path Not Followed

While a wide variety of institutional investors embrace hedge fund investing as an integral and "sophisticated" element of their overall program, Wespath has concluded that the potential risk-adjusted return opportunities do not justify the requisite resources and costs required for prudently engaging in this popular form of investing.