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Webinar: Is Outsourced-CIO (OCIO) Right for My Foundation?
Tuesday, October 09, 2018, 1:00 PM - 2:00 PM EDT
Category: Events

 

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Is Outsourced-CIO (OCIO) Right for My Foundation?
Presented in partnership with Alpha Capital Management


Tuesday, October 9
1:00pm–2:00pm (ET) | 12:00pm–1:00pm (CT)

Summary:

Fifteen years ago, the institutional investment world was relatively simple. Many foundations engaged professional investment consultants to advise their investment committee on asset allocation and manager selection. Very large foundations used in-house investment teams led by a Chief Investment Officer, or CIO (like David Swensen at Yale).

In 2007, it was relatively uncommon for institutions to engage professional investment officers to manage the assets themselves rather than simply advising an investment committee on what to do. Today, this is most commonly referred to as Outsourced Chief Investment Officer, or OCIO, but some of the larger consulting firms use phrases like “delegated consulting” or “discretionary consulting” for the same concept. CIO Magazine pegs the total assets with OCIOs in 2007 at only $90B.

If your role at the foundation touches investments, however, you’ve most likely heard OCIO mentioned by now. OCIO providers have over $1T in assets today. They have grown significantly over the past five years, and they are expected to grow at low double-digit growth rates for the foreseeable future (if only our portfolio growth forecasts looked similar!). This trend does not seem to be slowing. It is important that foundations get up to speed on this evolving service model. Unfortunately, it’s complicated.

SECF has partnered with an independent OCIO search consultant from Atlanta, Alpha Capital Management, to lead an educational session on the OCIO model in all of its forms. We will cover:

  • The OCIO Landscape (did you know that non-profits between $101-250M are one of the most common types of institutions to use an OCIO model?)
  • What OCIO Options are Available (the investment committee can do everything from outsource manager hire/fire only to outsourcing the entire portfolio construction and management process)
  • What your investment committee needs to know about each “flavor” of OCIO to make an informed decision
As principals of an independent search firm Alpha Capital Management, Brad and Anna act as an outside advisor to foundations and other clients throughout the investment advisory search process. Brad has a deep background in the non-profit world, having spent the early part of his career in investment management for the Duke Endowment and Emory Endowment. Prior to joining Alpha Capital Management, Anna served as an investment consultant to non-profits and other institutions at Mercer (the largest consulting firm in the world) and Segal Marco.
Speakers:

 

 

Bradley H. Alford, CFA
Principal, Alpha Capital Management


 

Brad founded Alpha Capital Management in July 2006 and serves as the Chief Investment Officer of Alpha Capital. He has over twenty-seven years of investment management experience, and he oversees the entire portfolio management process, including traditional asset class manager due diligence and selection as well as portfolio construction and review. He also heads the firm's Consultant Search Service, which designs and runs investment consultant and OCIO searches for institutions. 

Prior to founding Alpha Capital Management in July 2006, he was a Managing Director at Atlantic Trust from 2002 to 2006, where he worked directly with some of the firm's largest clients. From 2000 to 2002, Brad served as the Director of Investment Advisory Services at MyCFO, a firm focused on managing assets for ultra-high-net-worth clients. From 1995 to 2000, Brad was the Managing Director of the investment division for the $2 billion Duke Endowment. At Duke, he expanded the alternative asset portfolio from $100 million to more than $1 billion. From 1989 to 1995, Brad was the Director of Endowment Investments for the Emory University Endowment, with assets in excess of $4 billion.

Brad also founded and built an internet company, IPO Lockup.com. IPO Lockup.com was the first website to track and analyze the effects of lockup expirations on initial public offerings (IPOs). The website's information was featured each Sunday in the New York Times, and CNBC named IPO Lockup.com one of the "Cool Websites" for 1999. Brad sold IPO Lockup.com in 2000. 

Brad was selected by Institutional Investor magazine as a “Rising Star of Mutual Funds” in 2012. He has been quoted extensively in the financial press, including the Wall Street Journal, Barron's, Fortune, and the New York Times. He has also made multiple appearances on CNBC, Bloomberg TV, and Fox Business Network.

 

 

Anna D. Tabke, CFA, CAIA
Principal, Alpha Capital Management


 

Anna joined Alpha Capital Management in 2012 as the Director of Research and is a Principal of the firm. She has more than ten years of investment experience. Through Consultant Search Services, she matches institutions with investment consultants or outsourced CIO (OCIO) firms to build strong, long-term, mutually beneficial relationships. Through the firm's Investment Advisory Service, she engages with broker-dealer representatives and independent financial advisors to build customized investment solutions for their clients.

Prior to joining Alpha Capital Management, Anna was an associate with Mercer Investments from 2010 to 2012, where she partnered with senior consultants to provide a full range of investment consulting services to institutional clients and advised over $9 billion in assets. She developed intellectual capital on investment opportunities in addition to portfolio structuring, asset allocation modeling, and investment manager analysis for client portfolios. Anna began her career as an investment consultant at Segal Marco, where she worked from 2007 to 2010 and focused on corporate, not-for-profit, and endowment clients.

Anna holds a BA in Economics from Princeton University. She is a CFA charterholder and is a member of the CFA Institute and the Atlanta Society of Finance and Investment Professionals. She is also a CAIA (Chartered Alternative Investment Analyst) charterholder and a member of the CAIA Association as well as a founding Chapter Executive for the CAIA Atlanta Chapter. She has contributed to Financial IQ, spoken at investment-focused conferences, appeared on Fox Business Network, and been quoted in financial publications such as Bloomberg, Fund Fire, Investment News, Discover Financial, The Street, and US News & World Report.

For more information or questions regarding this event, please contact
SECF's Programs & Partnerships Associate, S.E. Spencer.

Southeastern Council of Foundations
100 Peachtree St. NW · Suite 2080 · Atlanta, GA 30303
secf.org · (404) 524-0911

The Southeastern Council of Foundations strives to support Members and grantmakers with access to education, resources and networking by serving as a convener and facilitator, offering a diverse range of voices and perspectives. We do not endorse colleague organization views, but rather aim to provide access to a broad range of information and resources to increase grantmaking impact and develop philanthropic leaders throughout the region.

 

Contact: [email protected]