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Bloomberg: Hirtle Says Best Companies In World Now Cheapest to Buy

info@hirtlecallaghan.com () — Thu, 20 May 2010 12:00:00 EST

Hirtle Callaghan Featured on Bloomberg

info@hirtlecallaghan.com () — Fri, 30 Oct 2009 12:00:00 EST

Barron's Top Wealth Managers

info@hirtlecallaghan.com (Barron's) — Wed, 07 Oct 2009 12:00:00 EST

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New York Office

info@hirtlecallaghan.com (Anne Buchanan) — Wed, 09 Sep 2009 12:00:00 EST

Profile: Jonathan J. Hirtle, Hirtle, Callaghan & Co.

info@hirtlecallaghan.com () — Wed, 08 Jul 2009 12:00:00 EST

Price-to-Whatever Ratio

info@hirtlecallaghan.com () — Mon, 08 Dec 2008 12:00:00 EST

Four at Four: What Just Happened?

info@hirtlecallaghan.com () — Wed, 29 Oct 2008 12:00:00 EST

Destructive Investment Behaviors Lower Returns

info@hirtlecallaghan.com () — Tue, 20 May 2008 12:00:00 EST

PHILADELPHIA - May 20, 2008 - Most investors engage in destructive investment behaviors that decrease their long-term returns, according to Jonathan J. Hirtle, Chief Executive Officer of Hirtle, Callaghan & Co., one of America's fastest-growing investment service firms and the nation's leading Chief Investment Officer organization.

The four most dangerous words in investing, according to Hirtle, are: "It's different this time."

"Of course, it's always just different enough to mislead investors and convince them that fundamentals no longer apply. They always apply," Hirtle said. Twenty years ago, Hirtle Callaghan pioneered the concept of the outsourced chief investment officer and today provides that service to family groups, foundations, endowments, and pension funds across America.

According to Hirtle, some destructive investor behaviors include:

-- Confusing investing with trading or speculating - "Investing is entirely about acquiring future cash flows at the most attractive rate. Everything else is noise. Investors should regard time-tested truths, about price-to-cash flow and regression to a mean, the way engineers regard Newton's Laws," said Hirtle. "Although every investment scenario is different, the true fundamentals are irrefutable."

-- Projecting recent trends - "Just as the past performance of an investment is not a certain predictor of future returns, recent trends will not necessarily continue and investors should resist the temptation to buy more of what worked (or continue avoiding what didn't work) last year," said Hirtle.

-- Ascribing cause to random events - "Investors often conjure up trends and profound meaning from completely random events. Ascribing cause to random events encourages investors to gaze enviously backwards at those who benefited from the random event, then work vigorously to position themselves to benefit from the next random event, which is impossible, by definition."

-- Making decisions based on rules-of-thumb (rather than probabilities) - "The most commonly used rules-of-thumb are the ones that incorporate oil prices, interest rates, dollar projections, and earnings estimates. These ‘econometric models' have demonstrated no consistent information value to investors, yet they continue to be used. Without a significant ‘coefficient of information,' econometric models are no better than any other rule of thumb."

-- Relating economic news to stock market performance. "Economic data lags while equity markets anticipate. There is no meaningful relationship between a particular year's economic performance and the same year's stock market performance. The stock market can rise while we are the middle of a recession."

About Hirtle, Callaghan & Co.

With over $16 billion under direct supervision, and recognized as one of the Top 50 Wealth Managers, Hirtle Callaghan has become one of America's fastest growing investment firms. Known as "Wall Street idealists" for combining performance intensity with a genuine fiduciary ethos, Hirtle Callaghan Chief Investment Officers deliver a unique, top-down approach to asset management that emphasizes the significance of strategy and risk management at every step of the investment process.

Now in its 20^th year, Hirtle Callaghan sets a higher standard of service to the investment market by offering complete objectivity, as well as the insight and discipline of a professional Chief Investment Officer, supported by a fully staffed investment department - an approach previously available to only the largest, multi-billion dollar family groups and institutions.

For more information, visit www.hirtlecallaghan.com.

Media Contact:

Shannon Bernauer or

Jack Loughran

610-649-9292

Shannon@buchananpr.com

Jack@buchananpr.com

Hirtle, Callaghan & Co. Presents 2008 Investment Leadership Award to Edward J. Bassett, Retired Chairman of DuPont Capital Management

info@hirtlecallaghan.com () — Tue, 13 May 2008 12:00:00 EST

Leadership Award Recognizes Investment Management Excellence and High Ethical Standards

PHILADELPHIA- May 13, 2008 - Hirtle, Callaghan & Co., the nation's leading Chief Investment Officer organization, presented its annual Investment Leadership Award to Edward J. Bassett at its Fourteenth Annual Investment Conference, on May 8, at The Ritz Carlton Hotel in Atlanta, GA.

"This award is given to an individual who has displayed extraordinary leadership qualities, investment success and integrity throughout his or her career," said Jon Hirtle, co-founder and Chief Executive Officer of Hirtle, Callaghan & Co. "Ed has demonstrated outstanding investment and fiduciary skills - especially for the DuPont pension fund and the beneficiaries it serves. He is a highly respected member of the investment community and we are proud to present him with this award."

Bassett formed the Bassett Group, LLC in 2004, after a 27-year career at DuPont. He previously served as the chairman and chief investment officer at DuPont Capital Management - DuPont's Pension Fund. Bassett also worked as an equity analyst, director of research, director of U.S Equities and a vice president.

He currently serves as chairman of the University of Delaware Investment Committee and chairman of the Hagley Museum and Library Endowment Investment Committee, where he is a member of the Board of Directors.

About Hirtle, Callaghan & Co.

With over $17 billion under direct supervision, and recognized as one of the Top 50 Wealth Managers, Hirtle Callaghan has become one of America's fastest growing investment firms. Known as "Wall Street idealists" for combining performance intensity with a genuine fiduciary ethos, Hirtle Callaghan Chief Investment Officers deliver a unique, top-down approach to asset management that emphasizes the significance of strategy and risk management at every step of the investment process.

For more information, visit www.hirtlecallaghan.com.

Pictured from left to right: Jon Hirtle, Award Recepient Ed Bassett, Mary Ann Bassett and Don Callaghan.

Media Contact:
Shannon Bernauer or
Jack Loughran
610-649-9292
Shannon@buchananpr.com
Jack@buchananpr.com

Hirtle, Callaghan & Co. Annual Investment Conference

info@hirtlecallaghan.com () — Tue, 29 Apr 2008 12:00:00 EST

Hirtle Callaghan Annual Investment Conference Highlighting Degrees of Freedom

ATLANTA - April 29, 2008 - Hirtle, Callaghan & Co., the nation's leading Chief Investment Officer organization, will host its Fourteenth Annual Investment Conference, to be held from May 7 through May 9, at The Ritz Carlton Hotel in Buckhead, GA.

This is the first year the conference will be held outside of the company's Philadelphia headquarters. The conference theme is "Degrees of Freedom." The focus will be on how constraints limit an investor's opportunity set, and how increasing the "Degrees of Freedom" in a portfolio offers the opportunity for higher returns and lower risk.

"We are honored to welcome our clients to the growing headquarters of our Southeast region," said Jon Hirtle, co-founder and Chief Executive Officer of Hirtle, Callaghan & Co. "Each year, we look forward to meeting with our clients and sharing unique insight and information on investment strategies. It is a great opportunity to come together and educate attendees on a variety of relevant issues."

The keynote speaker for the conference will be Professor Richard Thaler, a respected behavioral finance authority and author of the newly published book "Nudge: Improving Decisions About Health, Wealth, and Happiness." Thaler is currently a faculty member in the University of Chicago's Graduate School of Business.

"We are looking forward to benefiting from Professor Thaler's unmatched knowledge and expertise in behavioral finance," said Hirtle.

"His approach is very relevant to our work and to our clients and we are delighted he will be sharing his ideas and insights with us."

Hirtle Callaghan will present Edward J. Bassett with the 2008 Investment Leadership Award. Mr. Bassett formed the Bassett Group, LLC in 2004. He was previously the Chairman and Chief Investment Officer at DuPont Capital Management/DuPont's Pension Fund. During his 27-year career at Dupont, Bassett also served as an equity analyst, director of research, director of U.S Equities and a vice president. He currently serves as chairman of the University of Delaware Investment Committee and chairman of the Hagley Museum and Library Endowment Investment Committee where he is a member of the Board of Directors.

"This award is given to an individual who has displayed extraordinary leadership qualities throughout his or her career," said Hirtle. "Edward Bassett is a highly respected member of the investment community, and has demonstrated outstanding investment skills."

Members of the media interested in attending the event please contact Jack Loughran, (610) 649-9292 or jack@buchananpr.com. All speeches and sessions will take place on May 8 at the Ritz Carlton in Buckhead, GA.

About Hirtle, Callaghan & Co.

For more information, visit www.hirtlecallaghan.com.

Media Contact:

Shannon Bernauer or

Jack Loughran

610-649-9292

Shannon@buchananpr.com

Jack@buchananpr.com