Provider Profiles
SECOR Asset Management
| Profile | |
| Business Model/Type§ | Implemented consulting |
| Year Entered Into OCIO Business | 2010 |
| No. of Relationship Managers/Salespeople | 4 |
| No. of OCIO Portfolio Managers | 11 |
| OCIO % of Total Firm Revenue | 20% |
| No. of Clients, Full Discretion | 4 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $1B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $950MM |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | |
| Health Care | |
| Other | $50MM |
| Portfolio Construction |
SECOR Asset Management uses proprietary models to perform all the necessary optimizations to provide clients a range or portfolios across the risk spectrum using both physical assets and derivatives. They believe diversification, active portfolio management, liability management, and risk budgeting and risk oversight are the cornerstones of a well-managed investment program. These principles drive their asset allocation process. In addition, they believe their firm’s investment advisory experience, derivative expertise, innovation, and customized client solutions are areas of strength relative to our competitors. They note their scenario analysis where they identify market events that could trigger large asset losses, large declines, and liquidity events. |
| § | OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. |
| OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. | |
| Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. | |
| Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. |