Provider Profiles
PNC Institutional Asset Management
| Profile | |
| Business Model/Type§ | Proprietary/ non-proprietary |
| Year Entered Into OCIO Business | 1965 |
| No. of Relationship Managers/Salespeople | 51 |
| No. of OCIO Portfolio Managers | 93 |
| OCIO % of Total Firm Revenue | 53% |
| No. of Clients, Full Discretion | 4,561 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $29.3B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $4.1B |
| 401(k), 403(b), Other DC | $2.2B |
| Endowments/Foundation | $17.3B |
| Health Care | Not tracked separately |
| Other | $5.6B |
| Portfolio Construction |
The internal manager research team builds a platform of high conviction managers across asset classes. A combination of quantitative and qualitative analyses is designed to identify manager combinations with lower correlation, resulting in a lower overall estimated risk. Sector and factor exposures are reviewed to make sure the portfolio reflects allocation targets and PNC’s market views. Statistical risk metrics are examined for the final portfolio, and all reports are reviewed by internal Strategy, Manager Research, Portfolio Construction and Management, and Market Risk teams to mitigate the likelihood of unknown risks. Finally, portfolios are reviewed by internal risk/compliance & central overlay teams to avoid implementation issues. |
| § | 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. |