Provider Profiles
Angeles Investments LLC
| Profile | |
| Business Model/Type§ | Proprietary/ non-proprietary |
| Year Entered Into OCIO Business | 2002 |
| No. of Relationship Managers/Salespeople | 8* |
| No. of OCIO Portfolio Managers | 6 |
| OCIO % of Total Firm Revenue | 62% |
| No. of Clients, Full Discretion | 53 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $5.1B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $1.4B |
| 401(k), 403(b), Other DC | $122MM |
| Endowments/Foundation | $1.7B |
| Health Care | $111MM |
| Other | $1.8B |
| Portfolio Construction |
Idea generation takes place on an ongoing basis via one-on-one meetings with portfolio managers, investment strategists, economists, and CEOs to extract trends and opportunities, coupled with their team's own identification of investment "megatrends" driven by technology, demographics, and geopolitical developments. The entire Angeles Investment team, led by their CIO, is responsible for this idea generation, which is then communicated to and discussed with the firm’s investment committee, comprised of the most senior investment professionals at Angeles. Their portfolio construction, its themes, and tilts are implemented by the investment team that has worked together for many years in building portfolios. |
*8 count includes 6 individuals classified as both investment officers and investment committee members and serving as both "relationship managers" and "portfolio managers" under the definition categories provided in this question. Accordingly, these 6 individuals are presented in both categories above and must be counted only once to arrive at a total employee count. Angeles has a total of 29 employees as of 12/31/20.
| § | 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. |