Provider Profiles
Spider Management Company, LLC
| Profile | |
| Business Model§ | OCIO only |
| Year Entered Into OCIO Business | 2008 |
| No. of Relationship Managers/Salespeople | 3 |
| No. of OCIO Portfolio Managers | 7 |
| OCIO % of Total Firm Revenue | 100% |
| No. of Clients, Full Discretion | 29 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $6.2b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | $6.2b |
| Healthcare Pools (Board designated, funded depreciation) | |
| Other |
| Portfolio Construction |
| Spider Management is wholly owned by the University of Richmond (UR) and was founded in 2001 to manage the investments of UR’s endowment. Spider has since evolved to provide investment management services to a select group of other non-profits through a unique OCIO model. All assets are invested as one portfolio and all investors earn the same gross rate of return. Spider’s primary investment objective is to generate strong risk-adjusted investment returns through a portfolio invested across public equity long-only, absolute return-oriented strategies, private equity, and real assets. Spider has a significant allocation to alternative investments with the objectives to both enhance returns and reduce volatility. |
| §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. |