2019 Outsourced-Chief Investment Officer Survey

Buyer's Guide


Discretionary Assets* by Fund Type — Endowments/Foundations

Provider Endowments/Foundations
Aetos Alternatives Management, LP $812MM
Angeles Investment Advisors LLC $1.35B
Aon $449MM
BlackRock $4.82B
BNY Mellon Fiduciary Solutions, a division of BNY Mellon $223MM
Callan LLC $532MM
Cambridge Associates LLC $16.525B
Canterbury Consulting $713MM
Commonfund $10.244B
DeMarche Discretionary Management Services $61.7MM
DiMeo Schneider & Associates, L.L.C. $1.55B
FEG Investment Advisors $2.368B
Goldman Sachs $12.73B
Investment Performance Services, LLC $34MM
J.P. Morgan Asset & Wealth Management $16.325B
LCG Associates, Inc. $104MM
Mangham Associates $85.95MM
Meketa Investment Group $1.133B
Mercer Investment Management, Inc. $10.63B
Morgan Stanley $8.5B
Northern Trust Asset Management $2.265B
Partners Capital Investment Group $4.688B
PFM Asset Management LLC $717.6MM
River and Mercantile Solutions $50MM
Rocaton Investment Advisors
Russell Investments $3.12B
SECOR Asset Management $0
SEI Institutional Group $10.81B
Spider Management Company $4.39B
Strategic Investment Group $4.77B
State Street Global Advisors $0
TIAA Endowment & Philanthropic Services, LLC $3B
TIFF Investment Management $9.1B
U.S. Trust $13.243B
Vanguard $18.23B
Verger Capital Management $1.61B
Verus
Wells Fargo
Willis Towers Watson $167MM
*For purposes of this survey, Full Discretion is defined as the OCIO manager having full discretion to tactically
select and replace investment managers without prior client approval.