2023 Outsourced Chief Investment Officer Survey

Provider Profiles


Verger Capital Management

Profile
Business Model§ OCIO only
Year Entered Into OCIO Business2014
No. of Relationship Managers/Salespeople3
No. of OCIO Portfolio Managers5
OCIO % of Total Firm Revenue100%
No. of Clients, Full Discretion10
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.