Verdis Investment Management Reaches $300 Million Assets Under Management.PHILADELPHIA Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. -- Verdis Investment Management announced that the company has reached $300 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The company provides strategic investment advisory and management services for endowments, foundations and institutions. "We believe this corporate milestone underscores the success of our strategy in providing the expertise, relationships and appropriate resources to help institutions execute and manage a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. investment plan," said Jamie Biddle, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Verdis Investment Management, "Verdis Investment Management fills an important need by offering small to medium-sized organizations a dedicated team of professionals with substantial experience in managing investments for Ivy League Ivy League Group of eight universities in the northeastern U.S., high in academic and social prestige, that are members of an athletic conference for intercollegiate gridiron football dating to the 1870s. endowments." Verdis Investment Management's approach is adopted from the world's leading endowments Co blending long-term planning with a broad diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. among asset classes, including alternative investments. The company provides small to medium-sized organizations with options otherwise available to larger institutions Co access to critical resources and relationships, and resources dedicated to alternative strategies. Meeting the Demands for Small to Medium Sized Endowments The demands on the investment team and investment committee of a small or medium size endowment A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution. or foundation can often be overwhelming. Utilizing the resources and relationships of a team with institutional investment experience can provide the organization additional support to implement, manage and administer their long-term investment plan. Members of Verdis Investment Management's team, including the chief investment officer and vice president of finance, have managed and administered investments for top university endowments - Brown University's Investment Office and Princeton University's Investment Office (Princo). About Verdis Investment Management Verdis Investment Management is an independent provider of sophisticated investment strategies for endowments, foundations and private clients. The company offers a long-term approach to investment management adopted from the world's largest endowments. The company is based outside of Philadelphia, PA. For more information, contact 610-397-1600 or visit www.verdisinvestment.com. |
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