Press Release: Wespath to Launch "Wespath Institutional Investments" and I Series Funds

September 27, 2018

For Immediate Release

Contact: Lisa L. Drew
Managing Director, Communications, Wespath
(847) 866-4111
lidrew@wespath.org

  • Wespath Institutional Investments will serve an expanded range of institutional investors whose missions align with that of the UMC.
  • The existing tenured Wespath investment team will manage a newly launched I Series institutional fund line, following many of the same investment strategies that Wespath’s existing clients have come to know and trust.
  • This positions Wespath to better help its clients meet their investment objectives while fulfilling their missions.



 

Glenview, IL—Wespath Benefits and Investments (Wespath) will launch Wespath Institutional Investments, dedicated to serving an expanded range of institutional investors, such as hospitals, universities, and other organizations whose missions align with that of The United Methodist Church (UMC).

Wespath Institutional Investments will launch on January 2, 2019 as will the I Series line of globally diversified multi-manager funds. The funds are:

Wespath will have the flexibility to customize the investment solutions it offers to meet the unique needs of those we serve over the long-term, while participants and institutional clients can jointly benefit from the improved economies of scale associated with asset growth across the overall Wespath organization.

Members of Wespath Benefits and Investments’ existing Senior Leadership Team will serve as officers to oversee the management and operations of Wespath Institutional Investments. Key officers will include:

  • Barbara Boigegrain, Chief Executive Officer and General Secretary of Wespath Benefits and Investments, will serve as Wespath Institutional Investments’ Board Chair.
  • Bill Kavanaugh, Wespath Benefits and Investments’ Chief Operating Officer, will also serve as Chief Executive Officer of Wespath Institutional Investments.
  • Dave Zellner, Wespath Benefits and Investments’ Chief Investment Officer (CIO), will also serve as CIO of Wespath Institutional Investments.

“Wespath launched its institutional service offering in 2011. Assets under management have since grown from $1.5 billion to $3.5 billion, and Wespath Institutional Investments is a natural next step in our evolution,” said Mr. Zellner. “Expanding our institutional base enhances our ability to continue to provide outstanding competitive investment services.”

With the launch of Wespath Institutional Investments, we will no longer use the Wespath Investment Management brand name. Investors will continue benefitting from a long-term, diversified investment approach and Wespath’s globally-recognized sustainable investment strategies, which aim to add financial value, while influencing positive change affecting the environment and society.

Wespath’s team of 21 dedicated investments professionals will manage the I Series of funds on behalf of Wespath Institutional Investments, as well as its existing diversified funds on behalf of Wespath’s benefit plan sponsors and over 100,000 participants and beneficiaries.

“Our ultimate goal is always to serve those who help further the mission of The United Methodist Church. This agency has served the UMC for over 100 years, and we believe expanding our client base through Wespath Institutional Investments and offering the I Series of funds will further strengthen our ability to support our institutional clients, participants, and ultimately, the Church, for the next 100 years—and beyond,” said Ms. Boigegrain.

More information about the launch of Wespath Institutional Investments and the I Series of funds is available in this detailed Frequently Asked Questions.

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About Wespath Benefits and Investments
Wespath Benefits and Investments (Wespath) is a not-for-profit agency that has been serving The United Methodist Church for over a century. In accordance with its fiduciary duties, Wespath administers benefit plans and invests over $23 billion in assets for over 100,000 participants and over 100 United Methodist-affiliated institutions (as of June 30, 2018). Wespath Benefits and Investments maintains the largest reporting faith-based pension fund in the world, which is among the top 100 pension funds in the United States.

 

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