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Annual Investment Forum
Canterbury Consulting Hosts Annual Investment Forum January 18, 2023
Press Release

NEWPORT BEACH, Calif., Jan. 31, 2023 -

Canterbury Consulting, an independent investment advisory firm overseeing approximately $28.7 billion in assets as of November 30, 2022, hosted its Annual Investment Forum on January 18, 2023, in Newport Beach, Calif. The forum is a yearly event featuring thought leaders in investment management and other relevant realms that Canterbury Consulting hosts for its endowment, foundation, healthcare organizations, and family clients.

This year, Canterbury invited experts from Charles Schwab, Altas Partners, Centerbridge Partners, and the University of California, Irvine.

Jeffrey Kleintop, CFA, Managing Director and Head of Public Policy at Charles Schwab presented the topic, "Global Market Outlook." Mr. Kleintop explains the Shark Attack analogy regarding international versus U.S. stocks, “International stocks are outperforming U.S. stocks this year as the jaws begin to bite down. It's not too late to diversify and rebalance your portfolio after a decade of U.S. outperformance,” in a recent LinkedIn Post. He touched on this idea at the forum stating that following a recession, U.S. and International top performers tend to mean revert. This has been seen throughout the 90s, 00s, and 10s.

Kathleen Taylor, Chair of Altas Partners joined the event with a fireside chat titled "Inside the Boardroom, Leadership in the 21st Century," moderated by Poorvi Parekh, Director of Outsourced Investments at Canterbury Consulting. Mrs. Taylor shares tips, from her experience on multiple boards, for building an effective board with a strong foundation. Mrs. Taylor also shared insights on the role of women in the financial industry and how the industry could shift iis efforts to attract a more diverse pool of applicants. "The opportunity for greater gender and non-gender diversity in the financial industry is huge." states Mrs. Taylor, “Make it a place where they can have a career, make a life, be successful, and have a career trajectory and a development plan that supports their aspirations.”

Billy Rahm, Senior Managing Director and Global Head of Real Estate of Centerbridge Partners, explains the value of real estate alternatives and how to adapt to the changing market in his presentation, "Rising Rates and Changing Needs: What is Real Estate's New Normal?" Mr. Rahm states, “The flexibility of our approach allows us to shift from equity to debt and back as markets dictate when it’s better to be a borrower than a lender or vice versa. The Fed actions to both hike rates and limit new bank lending drove massive increases to real estate borrowing costs in 2022 — a great time to be a lender for the first time in over a decade! At the same time, the withdrawal of cheap credit has increased the discount rates for all assets and highlighted the need for equity investors to focus on real asset value: both on the buy and in asset management strategies, because returns can’t rely on low-cost leverage today, or possibly for quite some time.”

"Looking to a Future Without Alzheimer's" was presented by Frank LaFerla, Ph.d., Dean, School of Biological Sciences, University of California, Irvine. According to Dean LaFerla, "The most significant risk factor [for developing Alzheimer’s], by far, is age. 1 out of 20 people over the age of 65 seems to be affected by Alzheimer's Disease and that number doubles every five years." Alzheimer's disease seems to sneak up. However, Dean Frank LaFerla also comments on the behavioral changes in your daily life and activities that could lead to a slower onset of the disease.

Click here to watch video clips featuring insights shared by Canterbury’s 2023 annual investment forum speakers.