Pensions & Investments: Demand Growing, but Searching and Hiring Not Necessarily Easier
NEPC’s Steve Charlton was quoted in a recent Pensions & Investments article which focuses on the recent popularity of OCIOs and the challenges institutions are now facing logistically when transitioning from their current solution to an OCIO. View the article on Pensions & Investments’ site here.
The growing popularity of OCIOs is making it easier for asset owners to access the right providers, but sources are split over whether the search and hiring process is getting easier for institutions.
. . .
TIFF Advisory, a subsidiary of TIFF Investment Management, had $8.3 billion in outsourced AUM as of March 31, up 6.4% from a year prior.
But Steve Charlton, Boston-based head of client solutions and partner at NEPC LLC, countered that the hiring process is not getting easier.
“The growth of third-party evaluation firms as the stewards of OCIO searches has required the OCIO industry to invest in additional resources and capabilities to answer more in-depth questions coming from TPEs,” he said in an email. “TPEs generally take a deeper dive during the due-diligence process relative to asset owner-driven RFPs, so the hiring process is not getting easier in the OCIO space.”
NEPC reported $61.5 billion in outsourced AUM as of March 31, slightly below its $61.7 billion figure a year prior.
Click here to continue reading the full Pensions & Investments article.
