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"Traditional and Alternative Asset Management"
BACKGROUND Goodman Institutional Investments is a relatively recent entrant to the institutional money management industry, having been launched in 2003 to offer diversified hedge fund products to the large pension plan market. The company represents a re-entry to the institutional money management business, albeit in a slightly different way, for Ned Goodman who has been a pioneer and well known value investor in the Canadian pension industry. Ned, a co-founder and former partner of Beutel Goodman until his departure in the early 1990s, has since then focussed on developing Dundee Wealth Management Inc. Today, Dundee Wealth is a financial conglomerate that administers over $40 billion in assets and directly manages in excess of $12 billion in mutual fund assets under the banner of Dynamic Mutual Funds. GOODMAN INSTITUTIONAL INVESTMENTS The method by which Ned Goodman chose to return to the pension business was to offer pension sponsors the ability to access external money managers who have expertise in particular asset classes or investment products. The first of these offerings was the introduction of a hedge fund of funds in 2003 that had a superior and long term track record, as well as a strong institutional bias, the latter a more uncommon structure in a market place then primarily oriented to serving the retail investor interest in hedge funds. Designed as a stand-alone solution, this product was initially only made available to large pension plan sponsors seeking alternative investments for their portfolios and has been successfully marketed to these sponsors since that time. The second set of externally managed options was the addition of investment pools for the more traditional asset classes that would enable sponsors of smaller pension plans to create a balanced fund that met their own unique asset mix requirements. Linking an alternative investment opportunity to traditional asset class pools and incorporating performance monitoring and risk management techniques has proven to be a successful combination for assisting client sponsors with the challenges facing them in the current environment. TOTAL PORTFOLIO SOLUTION Today, Goodman Institutional Investments is best known as offering Total Portfolio Solutions that appeal to institutional sponsors irrespective of the level of assets in their portfolios and, in that respect, all of the following pools are available on a stand alone basis or to create a balanced portfolio.
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