Provider Profiles
Principal Asset ManagementSM, OCIO solutions (An investment advisory group within Principal Global Investors, LLC)
| Profile | |
| Business Model§ | OCIO + other |
| Year Entered Into OCIO Business | 1987 |
| No. of Relationship Managers/Salespeople | 30 |
| No. of OCIO Portfolio Managers | 22 |
| OCIO % of Total Firm Revenue | <1% |
| No. of Clients, Full Discretion | 622 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $23.1b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $14.6b |
| 401(k), 403(b), Other DC | $1.2b |
| Endowments/Foundation | $1.4b |
| Healthcare Pools (Board designated, funded depreciation) | $0mm |
| Other | $5.9b |
| Portfolio Construction |
| We develop a clear understanding of our client’s goals and objectives through an asset allocation review and pension asset liability study for ERISA portfolios. For non-ERISA portfolios we utilize cash flow analysis and portfolio modeling. Construction starts with performance analytics in concert with our CMA analysis. We identify managers with strong performance potential, appropriate risk controls and strong fundamentals. We select the best managers in each asset category using quantitative and qualitative screening with no proprietary mandates. Our proprietary pairings process pairs complementary high-performing, low correlated managers within strategic asset classes to improve long term risk-adjusted performance 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. Other: OCIO Platform is something other than the 4 types listed above. |