Provider Profiles
Alan Biller and Associates
| Profile | |
| Business Model/Type§ | Implemented consulting |
| Year Entered Into OCIO Business | 2006 |
| No. of Relationship Managers/Salespeople | 4 |
| No. of OCIO Portfolio Managers | 4 |
| OCIO % of Total Firm Revenue | 75% |
| No. of Clients, Full Discretion | 29 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $59.4B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $56B |
| 401(k), 403(b), Other DC | $22MM |
| Endowments/Foundation | $19MM |
| Health Care | $2.8B |
| Other | $521MM |
| Portfolio Construction |
The portfolio construction process begins with survey-based capital market assumptions developed by their Investment Committee. They run optimizations to estimate the efficient frontier of investible portfolios. They employ scenario analyses, and evaluate functional and factor-based risk analytics. They examine considerations such as risk tolerance, funding adequacy and liquidity requirements. They believe the application of skill in the form of active management may earn sufficient rewards net of fees, taxes and transaction costs provided an investor has access to genuine investment skill. Their primary portfolio construction objective is to diversify the sources of both risk and return. |
| § | 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. |