Provider Profiles
Morgan Stanley & Co. LLC
| Profile | |
| Business Model§ | OCIO only |
| Year Entered Into OCIO Business | 1992 |
| No. of Relationship Managers/Salespeople | 6 |
| No. of OCIO Portfolio Managers | 28 |
| OCIO % of Total Firm Revenue | Morgan Stanley does not separately report OCIO revenues. |
| No. of Clients, Full Discretion | 339 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $52.6b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $17.3b |
| 401(k), 403(b), Other DC | $703mm |
| Endowments/Foundation | 14.3b |
| Healthcare Pools (Board designated, funded depreciation) | $894mm |
| Other | $19.3b |
| Portfolio Construction |
| 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 our 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. |