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Laxman Pai, Opalesque Asia: Though the OCIO market is not growing as quickly as anticipated, institutional investors are eager to utilize the services of outsourced chief investment officers, said a survey.
NEPC 2022 Governance Survey, which examines how institutions like pensions, endowments and foundations, and healthcare organizations are making strategic investment decisions and engaging with investment consultants to preserve and grow their capital across different asset classes and market cycles.
The data across all respondents show a desire for more OCIO services from investment consultants. Currently, 12% of respondents say their most trusted advisor handles everything like an OCIO. 17% of respondents expect their most trusted advisors to perform the role of an investment manager that handles everything like an OCIO in the next 5-7 years.
The consultant with $1.5 trillion in assets under advisement said that this year's survey showcases data from 247 respondents, 47% of which are senior executives within their organization, while 28% serve on their organization's board or investment committee.
The new report also showcases potential gaps in the OCIO market. When comparing NEPC's 2018 Governance Survey to 2022, the data shows that expectations haven't materialized. In 2018, respondents believed the share of trusted advisors acting as an OCIO would increase to 15% by 2023.
The general survey results mask a decided shift toward OCIO for cert...................... To view our full article Click here
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