Provider Profiles
Aetos Alternatives Management, LP
| Profile | |
| Business Model§ | OCIO + other |
| Year Entered Into OCIO Business | 2003 |
| No. of Relationship Managers/Salespeople | 4 |
| No. of OCIO Portfolio Managers | 6 |
| OCIO % of Total Firm Revenue | 39% |
| No. of Clients, Full Discretion | 5 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $2b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $1.1b |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | $884mm |
| Healthcare Pools (Board designated, funded depreciation) | $103mm |
| Other |
| Portfolio Construction |
| Aetos fully customizes its approach based on each client’s unique objectives, tolerances and constraints, encouraging clients to be as involved as they choose. We believe that clients should set strategic asset allocation targets with permissible ranges of exposure within each asset class. This helps committees to maintain their focus on long-term objectives and resist the natural inclination to adjust the portfolio’s exposures based on short-term events, as well as allows both for the establishment of a disciplined rebalancing policy and for modest tactical tilts. We recommend that such tilts be established with an intermediate time frame in mind and be governed by a disciplined process which incorporates fundamental valuation disciplines. |
| §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. |