Skorina unveils Ultimate Outsourcer List, Version 3.2
The time has come to update our list of firms providing discretionary investment management services — commonly known as outsourced chief investment officers, aka OCIOs — to institutional clients.
This list should help anyone considering the OCIO option. We are thinking specifically of board members and directors at pensions, endowments, foundations, and other tax-exempt funds. You now have a comprehensive list of firms who provide OCIO services and how to reach them.
The future looks sunny for the OCIOs. Commonfund surveyed the whole landscape for outsourcing nonprofits back in August.
They found that around one-third of all nonprofit funds have already “substantially outsourced” management of their portfolios. That includes 38 percent of colleges, 38 percent of private foundations, and 30 percent of operating charities.
See: https://www.commonfund.org/InvestorResources/Publications/
White%20Papers/2013%200625%20Outsourcing%20White%20Paper
%20(Jarvis).pdf
We’re looking at the business from the other side of the table here: the number of OCIO firms and their claimed assets under discretionary management.
Our list has grown from 45 outsourcers three years ago to 77 today. That’s a jump of 71 percent. Some are new firms stepping into the market. Some are just previously unknown to us.
Reported total AUM under discretionary management is now at approximately $1,027.2 trillion. That’s an increase of $340.58 billion, or almost 50 percent, from the list we published in July 2012 (AUM $686.62).
It’s a fascinating range of vendors, too. From relatively small (but often highly-experienced) boutiques to financial giants like JP Morgan. And discretionary AUMs for individual firms range from “only” a few hundred million up to tens of billions of dollars.
We’ve updated all company and contact names, phone numbers and emails, and confirmed them all correct as of July 2014.
Give them a call. They would love to hear from you. Tell them Skorina sent you.
Skorina’s Ultimate Outsourcer List
Outsourced chief investment Officers (OCIO) Ver 3.2
Oct 14, 2014
N.B.: AUM amounts are discretionary unless otherwise noted
| Agility (Perella Weinberg)
Christopher Bittman, CIO |
Denver, CO
(303) 813-7910 |
$5.2bn |
| Alan Biller and Associates
Alan D. Biller, CEO & Sr Consultant |
Menlo Park, CA
(650) 328-7283 |
$31.5bn (includes $30.4bn Western Teamsters pension) |
| Angeles Investment Advisors
Leslie B. Kautz, Principal |
Santa Monica, CA
(310) 393-6300 |
$43bn advisory, $1.7bn discretionary |
| Appomattox Advisory
Drianne Benner, Director of Institutional Marketing |
New York, NY
(212) 546-6247 |
$1.3bn |
| Artemis Wealth Advisors
Peter M. Rup, Founder & CIO |
New York, NY
(212) 838-9000 |
$753mm, $566mm discretionary |
| Athena Capital Advisors
Lisette Cooper, CEO |
Lincoln, MA
(781) 274-9300 |
$4.8bn, $3.5bn discretionary |
| Balentine
Rob Ragsdale, Partner |
Atlanta, GA
(404) 537-4800 |
$1.8bn |
| BlackRock
Edward Ng, MD of BR solutions |
New York, NY
(212) 810-5300 |
$55bn |
| BNY Mellon Asset Mgmt
Andrew D. Wozniak, Head Fiduciary Management |
New York, NY
(412) 236-7940 |
$11bn |
| Cambridge Associates
Deirdre Nectow, Mgn Director |
Boston, MA
(617) 457-1781 |
$139bn advisory, $9.4bn discretionary |
| Callan Associates
Jim Callahan, Executive VP |
San Francisco, CA
(415) 974-5060 |
$2 trillion advisory, $8.4bn discretionary |
| Canterbury Consulting
Poorvi Parekh, Director of Outsourced Investments |
Newport Beach, CA
(949) 718-2224 |
$12.5bn advisory, $1.4bn discretionary |
|
Catholic Investment Services Peter Jeton, CEO |
Cambridge, MA (617) 758-6590 |
$100mm initial seed investment |
| Christian Brothers Investment Services
Robert P. Stelben, Head of Institutional Development |
New York, NY
(212) 490-0800 |
$5.5bn |
| Clearbrook Global Advisors
Elliott Wislar, CEO |
New York, NY
(212) 683-6686 |
$30bn advisory, $500mm discretionary |
| Commonfund
Sarah E. Clark, Mgn Dir strategic solutions |
Wilton, CT
(203) 563 -5254 |
$24bn total, $6.9bn discretionary |
| CornerStone Partners
Don Laing, Senior Partner |
Charlottesville, VA (434) 296-1400 | $6.2bn |
| Covariance Capital Management (TIAA-CREF)
Cara Howe, Dir business development |
Houston, TX
(713) 770-2042 |
$1.2bn |
| DiMeo Schneider & Assoc.
Robert (Bob) A. DiMeo, Mgn Dir & Co-Founder Jon Fellows, Partner & Chair, Discretionary Committee |
Chicago, IL
(312) 853-1000 |
$50bn advisory, $1.5bn discretionary
|
| Disciplina
Matthew W. Wright, President & CIO |
Nashville, TN
(615) 490-6007 |
AUM not available |
| Discretionary Management Services (DeMarche Assoc.)
Thomas C. Woolwine, President |
Overland Park, KS
(913) 981-1345 |
$27bn advisory, $398mm discretionary |
| Edgehill Endowment Partners
Ellen Shuman, Mgn Partner Nina F. Scherago, Mgn Partner |
New Haven, CT
(203) 691-7392 (203) 691-7426 |
$140mm |
| Federal Way Asset Mgmt
Salim Shariff, MD & CIO Michael J. Phillips, Chair & CEO |
Federal Way, WA
(253) 236-3535 |
$5bn |
| Fiduciary Research & Consulting
John Boich, President & CIO |
San Francisco, CA
(415) 671-4020 |
$8.4bn |
| Fortress Partners Funds
Alexander Cook, Co-CIO Stuart Bohart, Co-CIO |
New York, NY
(212) 798-6076 |
$1.65bn |
| Fund Evaluation Group
Gary Price, Managing Principal |
Cincinnati, OH
(513) 719-5101 |
$40bn advisory, $2.8bn discretionary |
| Gallagher Fiduciary Advisors
Nick Davies, Area President |
Washington, DC
(202) 898-2270 |
$47bn advisory, $2bn discretionary |
| Glenmede Gordon Fowler, Jr., President, CEO & CIO |
Philadelphia, PA
(215) 419-6640 |
$25bn total, $9.34bn institutional discretion |
| Global Endowment Mgmt
Stephanie Lynch, Partner |
Charlotte, NC
(704) 333-8282 |
$5.7bn |
| Goldman Sachs
Kane Brenan, Mgn Director |
New York, NY
(212) 855-9851 |
$25bn |
| Hall Capital Partners
Sarah Stein, President |
San Francisco, CA
(415) 288-0544 |
$27.6bn, $4.1bn institutional discretion |
| Hewitt EnnisKnupp (AON)
Steve Cummings, President |
Chicago, IL
(847) 295-5000 |
$45bn |
| HighVista
Brian Chu, Partner |
Boston, MA
(617) 406-6500 |
$3.5bn |
| Hirtle Callaghan
Nicole Kraus, Director Institutional Practice |
(610) 943-4192 |
$23.5bn |
| Investment Performance Services
David A. Russell, Sr Investment Strategist |
Savannah, GA
Newtown, PA (215) 867-2330 |
$30bn advisory, $9.6bn discretionary |
| Investure
Ellen Meyer, Client Relations |
Charlottesville, VA (434) 220-0280 | $10.5bn |
| J.P. Morgan Asset Mgmt
Monica Issar, Head Endowment & Foundation Group |
New York, NY
(212) 464-2852 |
$2.3 trillion, $37bn discretionary (As of Dec, 2013) |
| Lowe, Brockenbrough & Co.
Christopher Dion, MD & CIO |
Richmond, VA
(804) 287-2744 |
$2bn total, $925mm institutional discretion |
| Makena
Bill Miller, Partner & COO |
Menlo Park, CA
(650) 926-0510 |
$20bn |
| Marquette Associates
Tim Burdick, Mgn Dir OCIO program |
Chicago, IL
(312) 527-5500 |
$100bn advisory, $2.5bn discretionary
tburdick@marquetteassociates.com |
| Mercer (Marsh & McLennan)
Tom Murphy, Senior Partner |
Boston, MA
(617) 747-9375 |
$86bn |
| Mangham Associates
Joel R. Mangham, Principal |
Charlottesville, VA
(434) 973-2223 |
$2.3bn |
| Mill Creek Capital Advisors
Richard Stevens, President |
Conshohocken, PA
(610) 941-9795 |
$2.83bn total, $2.25bn discretionary |
| Morgan Creek Cap Mgmt
Mark Yusko, CEO & CIO |
Chapel Hill, NC
(919) 933-4004 |
$4.1bn |
| Morgan Stanley/Graystone Consulting
Robert Mandel, Exec Director Franco Piarulli, Mgn Director |
Purchase, NY
(914) 225-5420 (914) 225-7254 |
$34.3bn
robert.j.mandel@morganstanley.com franco.piarulli@morganstanley.com |
| NEPC
Steve F. Charlton, Director consulting services |
Cambridge, MA
(617) 374-1300 |
$4.5bn |
| New Providence Asset Mgmt
Lance Odden, Mgn Director |
New York, NY
(646) 292-1200 |
$2.5bn |
| Northern Trust
Margret Duvall, Mgn Dir |
Chicago, IL
(312) 444-7336 |
$88bn, $40bn discretionary |
| Okabena Advisors
Deborah D. Weiss, Managing Director Investment services |
Minneapolis, MN
(612) 217-6225 |
$1.3bn |
| Pacific Global Advisors
David A. Oaten, Managing Director |
New York, NY
(212) 405-6400 |
$20bn discretionary |
| Partners Capital
Paul Dimitruk, Chair & Partner |
Boston, MA & UK
(617) 292-2575 |
$13bn total, $6.8bn institutional discretion |
| Pentegra Retirement Services Sarah Coxe Lange, Nat Sales Director |
White Plains, NY (914) 821-9563 |
$9bn, $7.5bn discretionary slange@pentegra.com |
| Permanens Capital
John J. Regan, CIO |
New York, NY
(212) 358-6532 |
$1.3bn |
| Post Rock Advisors
Carol B. Einiger, President |
New York, NY
(212) 838-7100 |
AUM not available einiger@postrockadvisors.com |
| Pyramis Global Advisors
Jim Zadrozny, SVP institutional sales |
Smithfield, RI
(401) 292-4760 |
$200bn global, $14bn discretionary |
| Rocaton Investment Advisors
John Hartman, Mgn Director |
Norwalk, CT
(203) 621-1717 |
$400bn advisory, $5.2bn discretionary |
| Rockefeller & Co.
Michael R. Marsh, Director Nonprofit Investment Services |
NY & D.C.
(202) 719-3012 |
$43.8bn total, $10.6bn discretionary |
| Russell Investments
Eric Macy, Mgn Director |
New York, NY
(212) 702-7941 |
Russell states: $200bn advisory (3/31/14)
$115bn OCIO global institutional clients $87.8bn OCIO US institutional clients emacy@russell.com |
| Salient Partners
John A. Blaisdell, CEO |
Houston, TX
(713) 993-4675 |
$17bn |
| SECOR Asset Management
Tony Kao, Managing Principal |
New York, NY
(212) 980-7350 |
$9.2bn |
| Segal Rogerscasey
Peter Gerlings, SVP Institutional solutions |
Darien, CT
(617) 424-7357 |
$3.6bn discretionary |
| SEI Institutional Group
Paul F. Klauder, VP & Managing Director |
Oaks, PA
(610) 676-2225 |
$69.3bn |
| SLOCUM
Jon Havice, CIO |
Minneapolis, MN
(612) 252-9379 |
$110bn, $5bn discretionary |
| Spider Management Co.
Rob Blandford, President, CIO |
Richmond, VA
(804) 200-6917 |
$3.4bn |
| Spruce Private Investors
John Bailey, CEO |
Stamford, CT
(203) 428-2600 |
$3.2bn |
| Spruceview Capital Partners
John A. Garibaldi, Partner |
New York, NY
(212) 485-8617 |
AUM not available |
| State Street Global Advisors
Yeng Butler, Head of Fiduciary solutions Matt Kelley, VP Fiduciary solutions |
Boston, MA
(617) 664-2014
(617) 664-2433 |
$47bn |
| Strategic Investment Group
Deborah Boedicker, Mgn D |
Arlington, VA
(703) 236-1620 |
$35.6bn, 70% discretionary |
| Summit Solutions (Summit Strategies Group)
Drew Pfeifer, SVP institutional solutions |
Saint Louis, MO
(314) 446-5382 |
$24.5bn discretionary |
| SunTrust Bank
Alan McKnight, Jr., Head of Institutional Investments |
Atlanta, GA
(404) 813-9059 |
$10.5bn
alan.mcknight@suntrust.com |
| Towers Watson Investment Services
Debra Woida, Head, Delegated Investment Services, Americas Jane Armstrong, EU head Delegated Investment Services |
Chicago, IL
(312) 525-2336
01737 284860 |
$58bn discretionary
|
| The Investment Fund for Foundations (TIFF)
Larry Mangan, Head of Member Services |
Radnor, PA
(610) 684-8202 |
$11bn discretionary |
| UBS AG
William Drobny, Head Institutional Marketing |
Chicago, IL
(312) 525-7100 |
$12.8bn |
| US Trust Bank of America
Joseph Curtin, Mgn Director |
New York, NY
(212) 852-3858 |
$29bn discretionary |
| Vanguard
Kevin T. Jestice, Principal |
Malvern, PA
(610) 669-6449 |
$23.3bn |
| Verger Capital Management
Tommy Elrod, Dir bus develop |
Winston-Salem, NC
(336) 758-4129 |
$1.2 bn discretionary
telrod@vergercapital.com |
| Wells Fargo -Institutional Asset Advisor Group
Rob Kent, VP national sales dir |
Overland Park, KS
(913) 234-2929 |
$21bn discretionary |
| Wilshire Associates
Julia K. Bonafede, President of Consulting |
Santa Monica, CA
(310) 451-3051 |
$964bn advisory, $6.7bn discretionary (As of Sept, 2013) |
| Wurts & Associates
Jeffrey C. Scott, CIO |
Seattle, WA
(206) 622-3700 |
$21bn |
