CornerStone Partners (Financial Services)

CornerStone Partners (Financial Services)

CornerStone Partners is a Charlottesville-based hedge fund and Outsourced Chief Investment Officer (OCIO) firm serving not-for-profit organizations including colleges, universities, foundations, and endowments. The firm collaborates with each client's Board, Investment Committee, and staff to develop customized investment policy guidelines reflecting specific objectives such as return requirements, risk tolerance, payout rates, regulatory considerations, liquidity constraints, and mission-related investing. CornerStone employs a valuation-based asset allocation process that incorporates historical data, forward-looking analytics, and professional judgment to establish strategic asset class targets, allowable ranges, and benchmarks. Manager selection focuses on generating alpha net of fees through a comprehensive research and due diligence process, identifying talented investment managers across asset classes and geographies, including less efficient niche markets, with an emphasis on fundamental research, transparency, integrity, and alignment of interests. Portfolio construction and risk management activities are customized to each client's policy guidelines, utilizing quantitative and qualitative inputs for prudent long-term decision-making rather than short-term market timing. Beyond investment management, CornerStone provides full-scale back-office operational and administrative support including tailored performance reporting, accounting and tax support, and investment administration. The firm also facilitates client participation in programs designed to achieve and maintain fiduciary excellence.