2019 Outsourced-Chief Investment Officer Survey

Buyer's Guide


Discretionary Assets* by Fund Type — Defined Benefit

Provider Defined Benefit
Aetos Alternatives Management, LP $765MM
Angeles Investment Advisors LLC $541.8MM
Aon $80.52B
BlackRock $75.05B
BNY Mellon Fiduciary Solutions, a division of BNY Mellon $7.362B
Callan LLC $442MM
Cambridge Associates LLC $14.943B
Canterbury Consulting $43MM
Commonfund $0
DeMarche Discretionary Management Services $42.3MM
DiMeo Schneider & Associates, L.L.C. $.44MM
FEG Investment Advisors $407MM
Goldman Sachs $58.31B
Investment Performance Services, LLC $0
J.P. Morgan Asset & Wealth Management $19.353B
LCG Associates, Inc. $53MM
Mangham Associates $0
Meketa Investment Group $5.984B
Mercer Investment Management, Inc. $122.6B
Morgan Stanley $17B
Northern Trust Asset Management $36.95B
Partners Capital Investment Group $731MM
PFM Asset Management LLC $2.939B
River and Mercantile Solutions $13.05B
Rocaton Investment Advisors
Russell Investments $70.79B
SECOR Asset Management $179.4MM
SEI Institutional Group $50.73B
Spider Management Company $0
Strategic Investment Group $10.302B
State Street Global Advisors $58.5B
TIAA Endowment & Philanthropic Services, LLC $0
TIFF Investment Management $0
U.S. Trust $9.917B
Vanguard $10.37B
Verger Capital Management $0
Verus
Wells Fargo
Willis Towers Watson $58.66B
*For purposes of this survey, Full Discretion is defined as the OCIO manager having full discretion to tactically
select and replace investment managers without prior client approval.
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