Provider Profiles
Commonfund
| Profile | |
| Business Model/Type§ | OCIO + other |
| Year Entered Into OCIO Business | 2001 |
| No. of Relationship Managers/Salespeople | 12 |
| No. of OCIO Portfolio Managers | 12 |
| OCIO % of Total Firm Revenue | 35% |
| No. of Clients, Full Discretion | 75 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $11B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | $10.4B |
| Health Care | $508MM |
| Other |
| Portfolio Construction |
Commonfund's portfolio construction methodology reflects the unique dynamics of endowments and foundations and other perpetual asset pools. It is based on an asset allocation philosophy to optimize to drawdown and recovery and on a manager selection process that focuses on mitigating portfolio factor risks and allocating capital to managers that generate uncorrelated sources of alpha. Market exposure is further managed by select passive strategies. Their philosophy is to maintain an equity bias; to diversify from growth assets to mitigate risk and to take advantage of the illiquidity premium from allocating to private investment strategies. Portfolios are tailored to each client’s return objectives, risk tolerances and capacity for illiquidity. |
| § | 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. |