Provider Profiles
Fidelity Institutional Asset Management
| Profile | |
| Business Model§ | OCIO + other |
| Year Entered Into OCIO Business | 2005 |
| No. of Relationship Managers/Salespeople | 21 |
| No. of OCIO Portfolio Managers | 5 |
| OCIO % of Total Firm Revenue | 15% |
| No. of Clients, Full Discretion | 90 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $9.8b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $9.7b |
| 401(k), 403(b), Other DC | $0mm |
| Endowments/Foundation | $85mm |
| Healthcare Pools (Board designated, funded depreciation) | $0mm |
| Other | $59mm |
| Portfolio Construction |
| Our process include analysis, debate, decision-making, and implementation. A team approach, which allows individuals to work independently in creating and consuming analysis and drawing conclusions, followed by rigorous debate to consensus, permits our investment team to gather a multitude of opinions and avoid groupthink. We believe asset class returns are influenced by the business cycle, which is the five- to ten-year cycle of expansion and contraction that we witness in global economies. By understanding where we are in this cyclical landscape and how asset prices may respond, we evolve a client’s asset mix to take advantage of opportunities in good times and reduce risk when markets underperform. |
| §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. Other: OCIO Platform is something other than the 4 types listed above. |