FRC is a team of experienced investment practitioners working as an outsourced investment office with assets under advice exceeding $7 billion. FRC represents a new generation of advisory services for the sponsors of defined benefit plans and others with long duration liabilities. The FRC team provides the resources necessary to transition plans to best in class solutions with the singular aim of bringing plans to fully funded status and keeping them there. By limiting the number of clients we serve, FRC marries the key benefits of out-sourcing with the attractive features of an internal staff.
Designing, implementing and maintaining a platform for the management of a multi-billion dollar defined benefit trust is a complex task that requires a broad array of expert knowledge applied in a disciplined framework. Ideally, the job should be executed by one centralized, dedicated team that brings all the necessary skills to the table and focuses their attention on just your plan. At FRC this is precisely our business model. At FRC, we are fully aware of the investment it takes to transition a plan to a best in class platform, which is why we commit to restructuring one plan at a time. This unequaled level of engagement enables us to spend the time required to work with senior management, investment committee members and staff to build confidence and consensus in an integrated approach to pension management that makes moving the plan to fully funded the top priority. This transformation requires an exceptional level of cooperation and effort but once accomplished, yields significant benefits for all stakeholders. Key elements of our investment platform include the following:
Strategic Asset Allocation—FRC brings breadth and depth of experience in a broad array of asset classes to identify the policy portfolios that are best suited to achieve the stated investment objectives. Every asset allocation study and policy portfolio is unique and tailored to the needs of the individual client.
Manager Research—FRC performs manager research in the categories of traditional equity, fixed income, absolute return strategies (hedge funds), private equity, real estate and a variety of real assets. The investment professionals at FRC bring decades of practical hands-on experience in their asset classes. This practical experience allows for a level of thorough, insightful selection, due diligence, and monitoring of managers only possible from investment professionals who bring a practitioner’s knowledge to manager research.
Risk Management—The FRC risk management platform enables us to measure and manage both asset and funded ratio volatility as a plan migrates along a glide path to becoming fully funded. The platform includes position transparency from all managers, security level detail, holdings based analytics and stress testing for each client portfolio.
Fiduciary Responsibility—FRC and its partners act as fiduciaries to all clients. We share a common and explicit goal and responsibility with clients, and ultimately beneficiaries, to identify and implement the strategies and managers best suited to achieve the stated investment objectives.
Manager Research—FRC performs manager research in the categories of traditional equity, fixed income, absolute return strategies (hedge funds), private equity, real estate and a variety of real assets. The investment professionals at FRC bring decades of practical hands-on experience in their asset classes. This practical experience allows for a level of thorough, insightful selection, due diligence, and monitoring of managers only possible from investment professionals who bring a practitioner’s knowledge to manager research.
Risk Management—The FRC risk management platform enables us to measure and manage both asset and funded ratio volatility as a plan migrates along a glide path to becoming fully funded. The platform includes position transparency from all managers, security level detail, holdings based analytics and stress testing for each client portfolio.
Fiduciary Responsibility—FRC and its partners act as fiduciaries to all clients. We share a common and explicit goal and responsibility with clients, and ultimately beneficiaries, to identify and implement the strategies and managers best suited to achieve the stated investment objectives.