This webinar, the second in our Macro Economic Outlook series, delves into the current state of the financial markets, the effects of inflation and other dynamic factors, and the risks and opportunities ahead for institutional investors. Sharing their views are industry leaders: Scott Malpass, CIS Founding Chair and Former CIO at the University of Notre Dame; Mario Giannini, CEO of Hamilton Lane; and Joseph Davis, Global Chief Economist and Global Head of the Investment Strategy Group at Vanguard.

00:00 – Webinar opens, Tom Lanctot, CIS CEO, welcome and introductions
03:07 – Serenity Prayer
03:35 – Scott Malpass, CIS co-founder, moderator, opening remarks
06:25 – Growth, Inflation, and Interest Rates: How do the Big 3 evolve over the year
19:40 – Private Market Perspective: valuations and opportunities in equity, credit and secondaries
23:35 – Portfolio construction and the private markets
27:15 – Negative Real Rates and outlook
29:45 – Energy, Prices, and Directionality
35:10 – Congress and The Debt Ceiling debate
40:30 – Talent & Tenure: portfolio management during Bear markets
42:30 – What keeps you up at night?
46:40 – New technologies: Areas of interest…
52:15 – The Yield curve and contrarian risks
53:00 – Catholic Social Teaching and ESG investing; factors and frameworks
56:20 – Thank you and closing

 

This presentation is furnished or informational purposes only and is intended solely for the person to whom it is delivered by or on behalf of Catholic Investment Services (“CIS”). This presentation is confidential and may not be reproduced in its entirety or in part, or redistributed to any party in any form, without the prior written consent of CIS. This presentation does not constitute an offer to sell or the solicitation of an offer to purchase any securities offered by any funds or accounts managed by CIS. Certain statements contained herein that indicate future possibilities constitute forward-looking statements and should not be construed as predictions of performance. Actual results may differ materially. In calculating projections and case targets, CIS utilizes certain specific inputs that, in some cases, are estimated, and certain assumptions that ultimately may not hold true with respect to any investment.  These estimates and assumptions may deviate materially from modelled expectations. No assurances can be made that the investment philosophy, investment objectives, projections or case targets will be achieved.   The information and assumptions included in this presentation are made in good faith and based upon information reasonably available to CIS as of the date noted herein and will not be updated.  The information contained herein does not purport to present a complete picture of the activities, results, actions and/or plans of CIS or any fund or account managed by CIS. Clients or prospective investors should consult advisory agreements, private placement memorandums and/or other documents describing any securities and explaining the services and risks associated with an investment in such securities prior to investing. Investing involves the risk of loss and investors should be prepared to bear potential losses. Past performance is not necessarily indicative of future results.

In November 2022, The Vatican gave Catholic fiduciaries a valuable new resource for aligning their institutions’ investments with their Catholic faith. “Mensuram Bonam” provides guidelines for those beginning their alignment process and those seeking to refine their approaches. This webinar, part of our Principles in Focus Series, explores Mensuram Bonam’s role and scope, and dispels underperformance myths about Catholic-aligned portfolios through a dialogue between true pioneers in this area: Paul Schott Stevens, Trustee of Catholic Investment Services; Scott Malpass, CIS Co-Founder and Board Chair; and Jean-Baptiste de Franssu, President of the Board of the Vatican Bank.

00:00 – Webinar opens, Tom Lanctot, CIS CEO, welcome and introductions
03:45 – Prayer of Thanksgiving
04:23 – Paul Schott Stevens, moderator, opening comments
04:42 – What is “Mensuram Bonam?” Catholic Social Teaching, and the trajectory of Faith-Based Investment Measures
11:10 – “No Investment Can Ever Be Considered Morally Neutral,” exploring the investment process
15:05 – Prior to the Bishop’s guidelines being released; How did you implement Catholic Social Teaching at the University of Notre Dame?
18:00 – “Mensuram Bonam” ~ Development of a New Kind of Competence in the Investment World
20:50 – ROI (Squared) = Return on Investment + Integral Development
23:55 – Practical Guidance on implementation and developing your IPS
32:10 – Beyond Exclusion: what are other tools; Impact Investing, Dialog and Engagement, Enhancing Issuer Relationships
36:35 – The Economic Model for Private Markets Investing
40:05 – Catholic Social Teaching (CST) ≠ Environmental, Social & Governance (ESG)
45:00 – Do Catholic-Aligned investment portfolios underperform?
48:00 – Insights from the Vatican Bank
51:00 – Q: Screening: Exclusion vs. Inclusion
52:20 – Q: CST in alternative investment; hedge funds and private market portfolios
54:10 – Q: How “Mensuram Bonamcompliments existing guidelines
56:30 – Q: Catholic Alignment & China
59:50 – A Call to Action: Next steps for “Mensuram Bonam”
1:02:25 – Thank you and closing

 

 

In this webinar, part of the Partners in Mission Fall Webinar Series, Zela and Michael discuss securing the future of your Catholic Institution by utilizing governence best practices, and offer a few keys for envisioning, creating and sustaining a successful investment strategy.

Topics include:
-Forming a diverse and dynamic investment committee
-Establishing sound committee practices and procedures
-Creating an effective investment policy statement, and
-Forging strong partnerships with investment advisors and asset managers

 

This content is for educational purposes only. Panelist opinions expressed are their own and thus do not necessarily reflect CIS’s opinion, investment advice, or strategies.  This is not a solicitation to purchase securities, nor is it meant to be investment advice.  CIS has not verified the content for accuracy, nor will it update it in the future.

Today’s session is part of our Managers in Focus webinar series, which explores the role that impact-focused investment solutions play in the strategies of Catholic institutions. It was enlightening to hear the views of true pioneers in this arena: Tim Connors, Founder of Pivot North; Michael Kim, Founder of Cendana Capital; and Miguel Luina, Managing Director at Hamilton Lane.

00:00 – Webinar opens, Tom Lanctot, CIS CEO, welcome and introductions
02:50 – Opening prayer 03:30 – Tim Connors, moderator, opening comments
03:40 – What is Venture Capital? Why is it an opportunity for Catholic Institutions.
06:40 – Smarts, Goodness & Grit: how to identify amazing founders
11:10 – Why have so few Catholic Institutions allocated to Venture, private market opportunities and challenges
15:10 – Ways to approach Venture Investment strategies
19:25 – Mission Alignment, Impact and how Catholic Institutions can move the needle
28:20 – Technology, Disruption, and Ventures effect on consumer banking
33:40 – Church-related Venture technologies
35:55 – Artificial Intelligence, Machine Learning, considerations and concerns
43:10 – Q: How to align Venture Capital with Catholic Social Teaching
47:40 – Q: Best Funding Markets, Correlations, and timing
53:40 – Q: Governance structures in Venture Capital
57:00 – Thank you and closing

This webinar, the first of our State of the Markets Series, delves into the current state of the financial markets, the effects of inflation and other dynamic factors, and the risks and opportunities ahead for institutional investors. Sharing their views are industry leaders: Jack Brennan, CIS Founding Chair and Former CEO of Vanguard; Jay Willoughby, CIO of TIFF Investment Management and the CIS Catholic Endowment Fund; and Ted Disabato, Managing Principal/Consultant at Meketa Investment Group.

00:00 – Webinar opens, Tom Lanctot, CIS CEO, welcome and introductions
03:00 – Serenity, opening prayer
03:30 – Jack Brennan, moderator, opening comments
06:30 – What are some current investment challenges for Catholic Institutions?
09:45 – What’s happened in the markets recently?
15:25 – Does diversification still work?
22:00 – Inflation, which way will it break?
27:30 – Why is the U.S. Dollar strengthening and what does it mean?
33:45 – What is the Role of Fixed Income in institutional portfolios.
36:30 – How should committees approach a spending policy.
39:30 – How are the biggest endowment portfolios performing this year vs. last year?
43:40 – A Framework for institutional equity allocations and private market portfolios.
53:45 – Will fixed income investment earn a positive real return over the next 3 years?
55:12 – Thank you and closing

We’re glad you could join us for another episode of our Mission in Focus series, a new series that explores the innovations of Catholic non-profits as they advance their missions around the world. In this webinar, Sister Mary Louise Stubbs and Kathleen Bissa of Daughters of Charity International Project Services join Dan Coyne, DOC board member, for a dynamic conversation about their work and how IPS has advanced its’ mission to decrease human suffering while investing to increase human potential.

00:00 – Webinar opens: Zela Astarjian, Managing Director, welcome and introductions
04:30 – Opening prayer by Sr. Mary Louise Stubbs
05:30 – Who are the Daughters of Charity
08:10 – What is the history and mission of International Project Services
11:00 – Areas of Impact: How do you measure results and success
20:00 – What’s unique about International Project Services’ and how does it receive funding
26:45 – How do you determine the projects you will support
32:15 – The importance of building local community involvement
37:45 – Collaboration with local governments and other agencies
39:35 – Key takeaways from the IPS Mission
41:35 – Q: Can you provide a few examples of successful sustainable projects?
43:15 – Q: How many sisters are involved with the organization and how do you facilitate resources?
46:35 – Q: Does IPS have an emergency response protocol?
48:35 – Q: What skills do you teach the underserved?
51:35 – Q: How does IPS support other Catholic institutions?
53:05 – Q: What projects are difficult to support?
54:55 – Q: What has been the most rewarding part of embodying the IPS mission?
57:00 – Thank you and closing

November’s release of the USCCB’s revised socially responsible investing guidelines has Catholic fiduciaries wondering: What’s changed? And, How should we adapt to this new guidance? Exploring these questions is the focus of the second webinar in our new series, which emphasizes principles of mission-aligned investment programs for Catholic institutions. The webinar brings forth ideas for implementing the USCCB guidelines in institutional portfolios, and dispelling certain performance myths about Catholic-aligned portfolios. This webinar features: Scott Malpass, CIS Co-Founder & Board Chair and retired CIO of the University of Notre Dame; Steve Schott, Principal and Senior Director, Institutional Religious Retirement and Foundation Services, CapTrust; and Bernard Brenninkmeijer, Executive Director of Constanter Philanthropic Services, Chairman of Porticus North America Foundation and Board member of FADICA.  

00:00 – Webinar opens, attendees join
00:05 – Tom Lanctot, CIS CEO, welcome and introductions
03:10 – Opening prayer
03:40 – Tom Lanctot, opening remarks
04:50 – Zela Astarjian, CIS Managing Director, History of the USCCB SRI Guidelines
07:25 – A practitioners approach to implementation of the USCCB guidelines
11:50 – Creating the right alignment dialog with the asset management community
13:40 – How do the European Bishops guidelines differ from the U.S. Bishops guidelines
15:55 – Institute for the Works of the Religion (IOR), Vatican Bank’s Faith-consistent investment policy
19:10 – What are some of the changes to the recently-revised USCCB guidelines
25:00 – How do Catholic institutions align their investments, importance of developing a policy
29:40 – Addressing the Misperception, that Catholic alignment of investments will produce concessionary performance returns
38:40 – Perspective on a foundation’s journey to responsible investment
41:40 – Q: What are some of the opportunities available for responsible investment?
44:25 – Q: How do you measure impact and alignment?
47:40 – Q: How does an institution incorporate engagement, ESG and Impact investing?
49:00 – Q: How to develop strategic asset allocations and forecast investment performance return?
52:00 – Q: What data providers can investors access to help align investment portfolios?
53:55 – Q: Divestment vs. Engagement
55:00 – Thank you and closing

 

Few institutions are as distinctive in their history and objectives as the Custody of the of Holy Land. For over 800 years, the Franciscan Friars of the Custody have been entrusted by the Holy See with preservation of the great shrines of the Latin church in the Middle East, serving both pilgrims to the Holy Land and local Christian communities. Their mission, as various Popes have emphasized, is to ensure that the places of Jesus’ birth, life, death, resurrection and ascension remain centers of spirituality that hand on the evangelical message and nurture the piety of the faithful. This webinar features Father David Grenier, OFM, and Father David Wathen, OFM, joining in a dialogue with Paul Schott Stevens, Trustee, Catholic Investment Services, to explore the work of the Custody today and the unique challenges it faces in the Middle East.

00:00 – Webinar opens, attendees join
00:05 – Zela Astarjian, CIS Managing Director, welcome and introductions
05:15 – Opening prayer of St. Francis
06:15 – Paul Schott Stevens, opening remarks, History of the Order of Friars Minor and the custody of the holy land
12:00 – Order of Friars Minor (Franciscans) Mission Overview
18:30 – Description of the pilgrimage experience
23:00 – Vision and creation of the Franciscan Monastery of the Holy Land in Washington, D.C.
30:00 – What is the Holy Land Review publication
31:00 – Can you describe your calling to serve the church and becoming a Franciscan Friar
38:00 – How has COVID affected the Custody, current challenges
41:00 – What would St. Francis think of the work of the Custody
42:30 – Work of the Garden Guild & Apiarists
48:00 – Q: Is it safe today to make a pilgrimage to the Holy Land?
52:00 – Q: Can you describe how Franciscan Friars support local small business
54:00 – Thank you and closing

This webinar is the second in a new series that explores the role of impact-focused investment programs in the strategies of Catholic institutions. In this webinar, Frank Persico of Partners in Mission joins Paul Schott Stevens, CIS trustee & former CEO of the ICI, for a dynamic conversation in which they will discuss the proper respective roles of management and boards, consider organizational best practices, examine how successful boards organize themselves in effective committee structures, define the types of governing committees, and align themselves with Catholic social teaching.

00:00 – Webinar opens, attendees join
00:05 – Tom Lanctot, CIS CEO, welcome and introductions
03:50 – Opening prayer
05:30 – Paul Schott Stevens, opening remarks: Importance of organizational governance
06:50 – Conceptual principles for boards and leadership: oversight vs. management
07:50 – Mission, Mission, Mission – What drives the bus…
08:30 – Board composition, Executive vs. Non-Executive Board members
09:30 – Vision, Vision, Vision – Who drives the bus…
10:50 – How do you organize to be effective as a Board
14:10 – How many committees/ board members are needed for an organization?
17:20 – What is a board charter?
18:40 – Defining essential committees: nominating and governance, finance and audit, development
20:40 – Recruiting board members: gifts & talents (Wit, Wisdom and Wealth)
23:20 – Committee chair, characteristics needed for success
25:50 – How to engage committee members and minimize meeting read-outs
30:10 – The value of having executive sessions
30:50 – Term limits and succession planning for committees
34:10 – How to conduct self-evaluation and board evaluation
37:20 – Q: Who is the management counterpart to the nominating & governance committee?
38:50 – Q: How to avoid conflicts of interest in board settings?
44:40 – Q: 5 recommendations: 1. Board development 2. Handbook (bylaws & charters) 3. Orientation program 4. Adherence to bylaws 5. performance assessment of the board/members
47:00 – Q: What is the function of general counsel in board settings?
49:40 – Q: How should committees help an organization that is short-staffed?
52:00 – Q: Any recommendations for a reconstituted board?
56:10 – Thank you and closing

This webinar represents the second in a new series that explores the innovations of Catholic non-profits as they advance their missions around the world. In this webinar, Jennifer Poidatz and James Bond of Catholic Relief Services join Paul Schott Stevens, CIS trustee & former CEO of the ICI, for a dynamic conversation about their work and how CRS has advanced its’ mission over 75 years while continuing to express Catholic Social Teaching in the organization’s identity.

00:00 – Webinar opens, attendees join
00:20 – Tom Lanctot, CIS CEO, welcome and introductions
03:10 – Opening prayer by Archbishop Desmond Tutu
04:00 – Paul Schott Stevens, moderator opening
04:35 – Welcome Jennifer Poidatz, background & why a career at Catholic Relief Services
06:00 – Welcome James Bond, background & why a career at Catholic Relief Services
07:00 – CRS organizational history and its’ evolution over 75 years
09:50 – CRS’ growth, resources and outreach
12:30 – How does CRS build and develop partnerships?
14:40 – What distinguishes CRS as a relief organization?
19:40 – How does CRS respond to a protracted crisis?
23:10 – How do you measure impact or success at CRS?
25:10 – Can you describe how the organization has changed during your time at CRS?
28:30 – Who are the people and societies you serve?
31:40 – Can you share how CRS expresses its’ Catholic identity?
40:00 – How can we support the work of CRS and advance its” mission?
42:00 – Q: Can you elaborate on CRS’ impact investing program and themes?
44:50 – Q: How has climate change affected your work?
47:20 – Q: How is CRS harnessing technology?
50:50 – Q: Are you aligning your programs to the UN’s Sustainable Development Goals (SDGs)?
53:10 – Q: Can you describe how you work with volunteer groups?
54:20 – Q: How do you keep safe while working in challenging regions such as Afghanistan?
59:00 – Thank you and closing