Provider Profiles
Verger Capital Management
Profile | |
Business Model§ | OCIO only |
Year Entered Into OCIO Business | 2014 |
No. of Relationship Managers/Salespeople | 3 |
No. of OCIO Portfolio Managers | 5 |
OCIO % of Total Firm Revenue | 100% |
No. of Clients, Full Discretion | 10 |
Full Discretionary Assets | |
Total Full Discretionary OCIO Assets | $2.4b |
Discretionary Assets by Fund Type | |
Defined Benefit | $0mm |
401(k), 403(b), Other DC | $0mm |
Endowments/Foundation | $2.2b |
Healthcare Pools (Board designated, funded depreciation) | $157mm |
Other | $0mm |
Portfolio Construction |
Verger provides OCIO services through a core-satellite approach with the Verger Capital Fund at the core, augmented by custom SMAs and legacy assets. This gives our clients the ability to capitalize on the efficiencies of an existing portfolio of core positions supplemented by customized satellite portfolios to meet the specific needs of their institutions. At Verger, we focus on the two aspects of investing you can control: risk and fees. Verger takes a bottom-up approach, starting with the question, “what risks are you willing to take?” We view the biggest risk to an endowment portfolio as permanent loss of capital, and thus over time, we believe the best way to compound and grow wealth is to minimize losses during down markets. |
§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. |