An exciting football game can often be the bad kind of exciting—such as when your team’s high-priced quarterback fails to deliver on what his agent promised. The same might be said of some alternative investments.
Christopher Philips, CFA, heads Vanguard Institutional Advisory Services®. He leads the teams of investment professionals who provide asset allocation modeling, investment policy consulting, portfolio construction recommendations, and ongoing investment management to endowment, foundation, and defined benefit clients. Prior to this role, he led a team of relationship managers for Vanguard's institutional investment-only clients focusing on defined benefit, defined contribution, nonprofit, and corporate assets. Through 2014, he spent 12 years in Vanguard Investment Strategy Group where he was responsible for creating and presenting investment thought leadership on a wide range of topics and consulting with retail, institutional, and intermediary clients. He joined Vanguard in 2000.