Cavanal Hill

An area of strength at Cavanal Hill is its tenured portfolio management team, which boasts 13 years of average tenure at the firm. This experience builds confidence as long-tenured managers have been through multiple market cycles. Cavanal Hill has undergone a bout of turnover in the past five years, as seen in its lower-than-average portfolio manager retention. This is a concern, as long-term stability tends to support positive results. The firm has not had a durable product lineup. Specifically, its three-year success ratio demonstrates that only 18% of products were both able to survive and beat their respective category median. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development.