PENSION INVESTMENT MANAGEMENT
Investment
management.
For pensions.
We manage pension investment portfolios: allocating assets, selecting managers and overseeing risk within your agreed mandate.
Experienced investment professionals. Clear responsibilities. A long-term commitment to the people behind your pension.
A longer view. A clearer perspective.What we do
YOUR OUTSIDE INVESTMENT MANAGER.
ONE FOCUS: PENSIONS.
A dedicated investment
team for your pension.
Investment management, supported by specialist oversight.
Northline’s proposed business is outsourced investment management for pension funds. We build and manage portfolios, appoint and oversee underlying investment managers, and make portfolio decisions within the authority the pension delegates to us.
Your board sets the objectives, investment policy and limits. Our role is to turn those instructions into a managed portfolio, drawing on investment research and advisory expertise to review the assumptions, risks and execution behind it.
Full outsourced investment office / OCIO
Your investment office.
Managed by Northline.
Delegate day-to-day portfolio management within an agreed investment policy. We bring allocation, manager selection, implementation and ongoing monitoring into one accountable relationship.
- Portfolio construction and asset allocation
- Underlying-manager selection and oversight
- Rebalancing, liquidity management and reporting
A defined portfolio mandate
A dedicated manager
alongside your CIO.
Retain your internal investment team and delegate a clearly defined part of the portfolio to Northline. We manage that allocation within its objectives and limits, coordinating with your CIO on the wider pension portfolio.
- Defined assets, objectives and authority
- Investment decisions within agreed limits
- Regular reporting to your CIO and committee
Investment research & advisory
PROPOSED TEAM STRUCTUREExperience that informs
investment oversight.
Strong portfolio management draws on more than one discipline. This proposed team combines investment research and strategy with private-market, operational and fund-governance expertise.
The role labels below describe proposed areas of responsibility. Career histories relate to each individual’s prior work; Northline appointments and scopes would be confirmed before launch.
Experience across the investment process.
Across investment management, capital markets, finance and fund law. Individual career experience informs the proposed team’s work.
How this figure is calculated
Investment Research & Portfolio Strategy
Background & focus
Former Vice President at BlackRock, with 20 years of investment-management experience across qualitative and quantitative analysis.
Portfolio construction, allocation and investment-risk analysis.
Princeton University · CFA
Private Markets Research & Advisory
Background & focus
Helped manage Frontier Group’s $2B Asian private-equity fund. Prior experience at Houlihan Lokey and in finance and investor relations at SoLa Impact.
Private-market due diligence, valuation and capital-structure analysis.
Stanford University · Wharton MBA
Investment Operations & Financial Oversight
Background & focus
30 years in finance. Former Managing Director at Cantor Fitzgerald and Director at Deutsche Bank and MUFG Capital Analytics.
Financial controls, cash-flow analysis and operational due diligence.
University of Georgia · MBA
Fund Operations & Reporting Oversight
Background & focus
BNY background with 18+ years in fund accounting and operations across private credit, private equity and hedge funds.
Fund reporting, valuation processes and operational-control review.
NUI Galway · Finance & Accounting
ONE PORTFOLIO. SEVERAL DISCIPLINES.
Investment professionals assess allocations and managers. Operations specialists examine how the numbers are produced. Legal advisory expertise informs fund terms and governance. Each contributes a distinct perspective to the investment process.
Our investment process
THE WHOLE-PORTFOLIO VIEWManage the portfolio.
See the whole picture.
Portfolio management means connecting allocation, manager selection, liquidity and risk. We use that picture to decide what to hold, when to rebalance and which underlying managers to retain or replace.
Explore a fictional portfolio report.
From risk observation to investment action.
Three managers.
One underlying exposure.
Separate mandates hold the same hypothetical borrower. The combined position needs a portfolio-level management response.
Validate the overlap, assess it against the mandate and adjust exposure where authorized.
Hypothetical data • Simplified example • No live monitoring
Portfolio risk in the context of the benefits it needs to fund.
The economics and incentives behind each investment relationship.
Reporting quality, valuation processes and the controls behind the numbers.
How we work
A CLEAR MANDATE. ACCOUNTABLE MANAGEMENT.Experienced people.
Informed decisions.
Investment professionals lead the process. Research supports their judgment by organizing reports, comparing disclosures and identifying questions to investigate. AI-assisted analysis is one tool in that process; decisions remain with the appointed professionals.
Define
Agree the return objectives, risk budget, benefit-payment needs, permitted investments and the decisions delegated to Northline.
OUTPUT / THE INVESTMENT MANDATEBuild
Design the allocation, evaluate underlying managers and implement the approved portfolio within the mandate.
OUTPUT / AN INVESTED PORTFOLIOManage
Monitor exposures, liquidity, fees and managers. Make investment changes and rebalance within delegated authority.
OUTPUT / ONGOING PORTFOLIO MANAGEMENTReport
Explain performance, costs, risks and investment decisions. Review the mandate with the pension as its needs evolve.
OUTPUT / ACCOUNTABILITY TO YOUR BOARDAI-ASSISTED RESEARCH. HUMAN RESPONSIBILITY.
More information.
Accountable decisions.
Our proposed process links analysis to source evidence and makes assumptions and data gaps visible. Investment professionals assess the findings, decide what action is appropriate and remain accountable for the decisions.
Who does what
Your board sets
the mandate.
We manage it.
Northline acts as the outside investment manager for the assets entrusted to it. Your board retains oversight of the relationship and the plan’s investment policy.
For a partial mandate, your existing CIO continues to lead the wider portfolio. Northline has a defined management responsibility within it. Decision rights, reporting and fiduciary responsibilities are documented in the engagement.
The mandate defines who can make each decision and when approval or escalation is required.
Define what you need managed.
Start with the portfolio scope, current arrangements and the responsibilities you want to delegate. Then agree the team, investment approach and reporting you need.
05 / A FEW IMPORTANT QUESTIONS
Frequently asked questions
An outside investment manager.
A clear division of responsibility.
What does Northline actually do?
Northline’s proposed business is outsourced investment management exclusively for pension funds. Under an agreed discretionary mandate, we would allocate assets, select and oversee underlying managers, implement portfolio changes and report to the pension’s decision-makers. The mandate would define the assets, limits and authority entrusted to us.
Is this an OCIO service?
A full-portfolio mandate can operate as an outsourced chief investment officer (OCIO) relationship: the pension delegates agreed investment-management decisions to Northline while its board oversees the relationship. We can also be appointed to manage a defined part of the portfolio alongside an existing CIO.
How do investment decisions get made?
Your board approves the investment policy and mandate. Northline’s investment professionals make the decisions delegated to us within those limits. Reserved decisions require the pension’s approval. AI-assisted analysis supports research and monitoring; human professionals remain responsible for judgment and action.
How would you be paid?
The proposed model is a management fee agreed with the pension, based on the assets, scope and complexity of the mandate. Applicable underlying-manager fees, custody costs and other expenses would also be disclosed. The intended model excludes manager-paid placement commissions; affiliations and other potential conflicts would need to be disclosed and assessed.
How do you approach risk and pension liabilities?
Portfolio construction and monitoring would account for the pension’s benefit payments, funding objectives, liquidity needs and risk limits, using information supplied by the pension and its actuarial advisers. Risk management cannot guarantee returns, prevent losses or identify every threat.
How would sensitive pension data be handled?
Data access, permitted AI use, retention, service providers and confidentiality would be agreed before records are shared. The process should use only the information needed, with appropriate controls. This concept website accepts no portfolio uploads; its examples use fictional data.
DEDICATED TO THE LONG VIEW
Experience across disciplines.
One focus: your pension.
Discuss the investment mandate
your pension needs.
Experience, sources & attribution
1 / Combined years. The 100+ figure is a conservative aggregate from the supplied team material and linked biographies: Robert Minion (39+ years in law), Gilles Michaud (30 years in finance), Christopher Krug (20 years in investment management) and Nicholas Tan (15 years in the investment industry). It includes members of the wider team who are not featured in the profiles above. It is not a measure of pension-only investment experience, tenure working together or years of Northline operations. David Butterly and Joe El Rady are not included in that total.
2 / Prior private fund. Roman Group’s biography states that Joe El Rady helped manage Frontier Group’s $2B Asian private-equity fund. The figure is the fund’s size, not a claim that he alone managed every asset or that Northline managed the fund.
3 / Fund-launch legal work. Lowenstein Sandler’s biography attributes fund launches with aggregate AUM above $20B to Robert Minion’s legal work, including a $15B+ private-credit fund family. These amounts overlap and are not additive. Legal experience is identified separately from portfolio-management experience.
Headshots and supplied career summaries come from the current team presentation. Source profiles: Krug · Michaud · Tan · El Rady · Butterly · Minion.
Historical employers, universities and institutions do not imply endorsement. Roles are proposed areas of responsibility, including external advisory functions, and do not represent confirmed employment with Northline. The figures describe individual backgrounds rather than a joint track record or current Northline assets under management.