The Expanding Meaning of Innovation

Uncovering Innovation

Within the world of investing, it is becoming increasingly evident that there is no single, monolithic meaning of innovation. For instance, many may consider innovation as an investment style centered on companies disrupting industry leaders and norms, driving strong levels of long-term growth. Others likely perceive innovation in terms of the new investment vehicles and product categories being introduced to investors in fast format.

At Harbor Capital Advisors, we believe that investment innovation can also be uncovered employing an in-depth manager due diligence and research process. Our Alpha Edge framework seeks to identify experienced investment managers that dare to be different, are motivated by intellectual curiosity and committed to continuous improvement. As efficiencies increase across asset classes and markets, we believe managers with distinctive approaches exhibiting an investment edge are best positioned to generate long-term alpha and standout results versus the competition.

Harbor partnerships that exemplify original thinking, clarity of process & relentless pursuit of self-improvement:

	BlueCove brings together leading fixed income industry investment and engineering professionals, with the specific purpose of researching and developing state-of-the-art scientific investment processes applicable to fixed income investment management.
	Quantix Commodities combines a long history in commodity markets with a keen entrepreneurial spirit to deliver quality commodity investment solutions.
	Acadian Asset Management seeks to exploit market inefficiencies using a systematic, multi-factor, adaptable investment process.

Harnessing Innovation

Harbor’s subadvised investment solutions span across asset classes, styles, geographic regions, and investment themes providing pure play access to investment innovation and the firm’s Alpha Edge framework.

In addition, Harbor’s Multi-Asset Solutions Team manages differentiated multi-strategy solutions leveraging the firm’s Alpha-Edge framework by outsourcing security selection to outstanding 3rd party managers. The team simultaneously insources portfolio construction and risk management, seeking to maximize alpha opportunities, enhance diversification benefits, and provide robust risk oversight.

Monitoring Innovation

History has proven that innovation cannot be contained and this likely holds true of its future impact on the investment industry. Importantly, Harbor Capital Advisors continues to utilize open-mindedness and forward thinking in an effort to capture the alpha opportunities likely produced along the way for our clients. Harbor believes it is well positioned to uncover, harness and monitor investment innovation for our clients.

Make Harbor your “Premier Station for Innovation”

• Reach out to your financial advisor  |  (866) 313‐5549
• Access more information about Harbor  |  harborcapital.com

Important Information

Investing entails risks and there can be no assurance that any investment will achieve profits or avoid incurring losses.

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice or a recommendation to buy a particular security.

Harbor Capital Advisors, Inc.

2401745