North Pier’s Managing Partner/CIO Jim Scheinberg‘s latest article about the OCIO Industry is now featured in Pensions & Investments.
Record asset volumes are shifting over to outsourced chief investment officer firms as asset managers, consulting firms and institutional investors embrace the OCIO model with increasing fervor.
Despite the surge in OCIO popularity, fee structures, methods of evaluation and even commonality of service offerings continue to be elusive. As the OCIO market continues to scale, sophisticated evaluation standards must mature to ensure that the most capable firms are the recipients of the new engagements.
Previously considered the domain of traditional corporate pension plans, OCIOs are now controlling money across the institutional gamut. In 2017, assets under partial or full discretion of an OCIO firm grew to $1.56 trillion, with $1 trillion of that accounted for in U.S.-based assets alone…