Provider Profiles
TIFF
| Profile | |
| Business Model/Type§ | OCIO only |
| Year Entered Into OCIO Business | 1991 |
| No. of Relationship Managers/Salespeople | 6 |
| No. of OCIO Portfolio Managers | 4 |
| OCIO % of Total Firm Revenue | 100% |
| No. of Clients, Full Discretion |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $7.2B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | $7.2B |
| Health Care | |
| Other |
| Portfolio Construction |
TIFF begins with an evaluation of a client’s requirements of liquidity and cash flow, required return, investment horizon and drawdown tolerance. Assets are evaluated along these dimensions and allocated to construct a portfolio, taking into consideration the diversifying effects of asset classes and sub-classes. Because they have full control of manager selection and implementation, manager diversification can play a prominent role in choosing and sizing their investments. This is more difficult in a traditional, non-discretionary approach where the focus is often on a potential investment's individual risk characteristics. In their approach, an investment's contribution to total portfolio risk is as important as the investment's specific risk. |
| § | 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. |