Provider Profiles
Verus
| Profile | |
| Business Model§ | Implemented consulting |
| Year Entered Into OCIO Business | 2011 |
| No. of Relationship Managers/Salespeople | 37 |
| No. of OCIO Portfolio Managers | 3 |
| OCIO % of Total Firm Revenue | 15% |
| No. of Clients, Full Discretion | 17 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $3.8b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $895mm |
| 401(k), 403(b), Other DC | $314mm |
| Endowments/Foundation | $527mm |
| Healthcare Pools (Board designated, funded depreciation) | $73mm |
| Other | $2b |
| Portfolio Construction |
| There are two components to our OCIO offering: (1) the development of investment policy and strategic asset allocation that would govern implementation, and (2) the ongoing management of the portfolio. Verus’ consulting heritage allows us to advise on policy-setting component better than typical managers, and our investment process allows us to provide portfolio management component better than typical consultants. |
| §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. |