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Newsmakers

Mercer Names Gene Lohmeyer US Not-for-Profit CIO

Investment officer joins the consulting and investment firm from the University of Oklahoma Foundation.

By Michael Katz



Consulting and investment firm Mercer has named Gene Lohmeyer as U.S. not-for-profit CIO, effective July 6. In the role, Lohmeyer leads strategic asset allocation, dynamic asset allocation and portfolio construction for not-for-profit clients, while also managing the not-for-profit portfolio management team.

Lohmeyer, who is based in St. Louis, reports to Stan Mavromates, CIO for the Americas.

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“NFP investors of all sizes face a long and growing list of uncertainties, including macroeconomic tail risks, as well as a rapidly evolving geopolitical and regulatory landscape,” Lohmeyer said in a statement. “Our mission is to help clients navigate the complexities of today.”

Lohmeyer was most recently senior director of investments at the University of Oklahoma Foundation, where he led investment manager research of private equity, venture capital, hedge funds, public equities, credit and fixed-income investments. Prior to the University of Oklahoma, he was partner and CIO of Cedar Rowe Partners, which is now part of wealth management firm Homrich Berg.

Lohmeyer also worked for nearly seven years at Cambridge Associates, where he was a managing director and provided investment consulting services to endowments, foundations, pensions, healthcare institutions and family offices. And before that he was a vice president for more than eight years at Merrill Lynch. Lohmeyer earned an MBA from Duke University and is a CFA charterholder and a veteran of the U.S. Army.

 “I strongly believe that our clients will benefit from Gene’s in-depth NFP investment experience and knowledge,” Mavromates said in a statement. “Gene will calibrate Mercer’s investment capabilities and advice to the unique needs and preferences of the not-for-profit investment community.”

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Home > News > Asset Allocation > CFA Institute: Let’s Find Out How to Measure OCIO Performance
Asset Allocation

CFA Institute: Let’s Find Out How to Measure OCIO Performance

The industry group is working on adopting GIPS to apply to outsourced investment management.

By Larry Light



Outsourced CIOs are a fast-growing part of the financial world, enabling asset allocators to farm out investment management. But how can institutions gauge the track records of OCIOs, a disparate group with wide-ranging approaches to investing?

 

The CFA Institute, the global association of investment professionals, is looking for an answer. It believes that tailoring Global Investment Performance Standards to measure OCIOs would accomplish that goal. The institute, best known for awarding the Chartered Financial Analyst designation to finance practitioners, created GIPS in 1987.

 

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Investment firms worldwide use these voluntary guidelines to deliver full disclosure and fair representation of financial performance.

 

So now the CFA Institute has put together a 15-member working group to create a GIPS version that can assess how OCIOs perform. The panel is to start in September and deliver a framework in early 2023.

 

“Our main goal is to determine what kind of guidance we need for the GIPS standards that is specific to OCIOs, and so we want input from the industry to help us make that determination,” Karyn Vincent, CFA’s senior head of global industry standards, told FUNDfire.

 

The OCIO space has had tremendous growth, expanding to an estimated $2.7 trillion this year from $90 billion in 2007, by the count of the Marquette Associates consultancy.

 

OCIO providers are under greater pressure to deliver investment returns these days, so adopting a GIPS standard would be a plus for them, according to the ACA Group, a consulting firm. “Today, the OCIO market is evolving with a greater focus on performance track records,” it said in a paper. “This puts pressure on OCIO providers to standardize practices around performance measurement and marketing.”

 

To the Spalding Group consulting firm, the vast array of asset classes that OCIOs cover is a large challenge. “OCIOs invest in pretty much every asset class, so valuation is more complex, relatively speaking,” said the firm in a news release.

 

Related Stories:

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The Appeal of OCIOs: Questing for Good Returns2022 Outsourced-Chief Investment Officer Survey

 

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