Provider Profiles
Morgan Stanley & Co. LLC
Profile | |
Business Model/Type§ | OCIO only |
Year Entered Into OCIO Business | 1992 |
No. of Relationship Managers/Salespeople | 6 |
No. of OCIO Portfolio Managers | 21 |
OCIO % of Total Firm Revenue | Does not separately report OCIO revenues |
No. of Clients, Full Discretion | 271* |
Full Discretionary Assets | |
Total Full Discretionary OCIO Assets | $37.8B* |
Discretionary Assets by Fund Type | |
Defined Benefit | $21.6B* |
401(k), 403(b), Other DC | $581MM |
Endowments/Foundation | $10.1B |
Health Care | $787MM |
Other | $4.7B |
Portfolio Construction |
At Morgan Stanley, each client portfolio is customized. The investment process includes optimization modelling for asset allocation, forward-looking stress-testing, risk management, and assessments of market sectors and managers. While long-term capital markets assumptions guide their strategic asset allocation, they seek tactical opportunities over a full market cycle. Using the current policy benchmarks and IPS, they determine the risk tolerance, assign a risk target and return expectation, and identify suitable asset classes. They use a proprietary process to create efficient portfolios of varying risk levels. Their portfolios use third party investment strategies and alternative investment vehicles. Manager Due Diligence and OCIO teams inform investment selections. |
§ | 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. |