Kaufman Hall Investment Management

Kaufman Hall Investment Management (KHIM) provides discretionary and non-discretionary investment advisory services primarily to institutional clients, including state and local municipal entities, nonprofit hospitals, healthcare institutions, higher education and cultural organizations. The firm actively advises on approximately $2.31 billion in client assets and also offers Investment Strategy services (IPDAS and ICS) and Strategic Resource Allocation (SRA) asset-allocation support rather than retail or individual wealth management.

KHIM’s investment approach is fixed-income oriented, seeking income and capital preservation through portfolios of U.S. government and agency issues, state and local bonds, investment‑grade corporate bonds and asset‑backed securities (including mortgage‑backed securities). Its SRA process explicitly maps liquidity (including Days Cash on Hand), quantifies operational and capital risks and translates those inputs into risk‑adjusted allocation recommendations, while its ICS offering conducts holistic searches, due diligence and scoring to select other investment advisers on behalf of clients.

Compared with many managers in its category, KHIM is affiliated with Kaufman, Hall & Associates (KHA)—a longstanding registered municipal advisor and commodity trading advisor—and is an indirect subsidiary of Vizient, Inc.; KHIM staff periodically support KHA’s municipal advisory work and some personnel are registered municipal advisors, and referral arrangements between KHIM and KHA are disclosed. The firm also maintains multiple offices and a small, experienced advisory team and provides adviser‑selection (ICS) and institutional liquidity/asset‑allocation (SRA) services that are less common among peers focused on pooled or institutional asset management.