Non-Profit Plans and Active U.S. Growth Equity Analysis

This report presents an analysis of non-profit plans and active U.S. growth equity, focusing on institutional hiring trends and equity mandates awarded over the last three years. The analysis utilizes Confluence's Prism and Style Analytics platforms to assess the performance of managers within the U.S. Large-Cap and Small-Cap growth segments. It details the distribution of equity mandates, highlighting that non-profit clients accounted for a significant portion of these mandates. The report outlines the median fees paid to managers, which vary by client type and mandate size, and compares growth and value strategies. Additionally, it examines the performance of specific managers, such as Brown Advisory and Conestoga Capital, and their respective strategies in winning mandates. The report also discusses market trends, including the performance of growth stocks relative to value stocks, and the implications of these trends for investment strategies in the non-profit sector.