On Thursday, I had the pleasure of returning to the New York Stock Exchange for the second time in a week. Last Tuesday was for opening bell and this time it was closing bell with the Aussies ringing the bell for Australia Day. Thanks to Goldman Sachs Asset Management (GSAM) for the invite and the insights on their market outlook for 2018. Their tag line for this year is “Pro-growth, Pro-equity, Pro-reality.” They share our view that global growth will continue in 2018 and given the low interest rate environment that means investors should favor stocks over bonds. GSAM is advising its clients that the emerging market bull market is still in the early innings.
Runnymede Wins Top Customer Care in Investment Management for Fourth Year
Captive Review Magazine Unveils Industry Awards
Runnymede Receives Top US Captive Services Award For “Innovation in Investment Management”
Morristown, New Jersey — Runnymede Capital Management has been named winner of “Innovation in Investment Management” at the 2015 US Captive Services Awards. Runnymede is the only firm to have won a captive services award for four consecutive years having been previously named “Best Client Care in Investment Management” in 2012, 2013, and 2014. This is the first year that Runnymede has won “Innovation in Investment Management.”
The US Captive Services Awards recognize service providers to captive insurance companies who have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months. The awards took place in Burlington, Vermont on the eve of the Vermont Captive Insurance Association’s (VCIA) annual conference – the largest captive insurance gathering in the United States. This year's awards drew a record number of firms submitted for nomination and included seventy four firms vying for top honors.
Runnymede Named “Best Customer Care in Investment Management” at US Captive Services Awards
Runnymede wins customer service award for third consecutive year
Morristown, New Jersey, October 9, 2014 – Runnymede Capital Management has been named “Best Customer Care in Investment Management” for the third consecutive year at the annual US Captive Services Awards held in Chicago. The program is presented by Captive Review with the goal of recognizing and rewarding service providers to captive insurance companies who have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months. A captive is an insurance company owned by one or more non-insurance companies to insure risk, essentially a form of self-insurance. Notably, Runnymede is the only firm that has received the same award each year since inception of the awards program three years ago.
A Look Inside Captive Insurance Companies’ Investment Portfolios (2014)
Marsh recently published its 2014 Captive Benchmarking Report, analyzing 1,148 captive insurance companies (managed by Marsh globally) for benchmarking analysis. Since the credit crisis, captives that have a parent company have invested approximately one third of investments toward loans to their parent company or other intercompany investment. Prior to 2008, many more captives were invested in equities. The motivation behind intercompany investments with the parent entity or affiliates is to minimize the cost of capital employed in the captive and enhance the parent company's liquidity. Reinjection of resources to the operations of the parent company is also a side effect of the current low interest rate environment. Further, the parent company has greater control over the captive’s invested assets.