Provider Profiles
Northern Trust Corporation
| Profile | |
| Business Model§ | OCIO + other |
| Year Entered Into OCIO Business | 1979 |
| No. of Relationship Managers/Salespeople | 45 |
| No. of OCIO Portfolio Managers | 40 |
| OCIO % of Total Firm Revenue | 0% |
| No. of Clients, Full Discretion | 486 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $87.3b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $23.2b |
| 401(k), 403(b), Other DC | $3.4b |
| Endowments/Foundation | $17.8b |
| Healthcare Pools (Board designated, funded depreciation) | $1.1b |
| Other | $41.7b |
| Portfolio Construction |
| Our process is centered on Risk-Managed Growth. We believe in growing client assets in a prudent way, taking targeted, compensated risks, and adjusting risks based on market dynamics and client needs over time. Our global approach requires all asset classes serve a purpose (capital appreciation, income, liability hedging or risk management) and allow for efficient diversification. We combine long-term discipline with short-term flexibility to provide downside protection and upside participation under a variety of market conditions and over time. We believe that focusing on only taking compensated risk minimizes unintended consequences, provides consistent returns over the long-term, and enables investors to achieve their objectives. |
| §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. Other: OCIO Platform is something other than the 4 types listed above. |