Clearbrook OCIO Mandates Double in Past Year as Outsourcing Trend Continues

Jun 21 2016 | 7:42pm ET

Global alternative asset services provider Clearbrook Global Advisors has announced that the number of its outsourced chief investment officer, or OCIO, mandates has doubled over the past year. 

The growth comes as investors increasing seek experienced partners to help them through investment policy decisions and implementation, according to the company. Institutions often lack the internal resources now necessary – and expected by LPs – to provide seamless and unbiased oversight of a portfolio in all market conditions.

“With fueled volatility in the markets, some smaller institutions are unable to handle the complexity associated with managing a portfolio that best meets their fiduciary obligations,” said Elliott Wislar, CEO of Clearbrook. “Clearbrook is able to work with [them] an experienced extension of their internal staff."

Clearbrook also disclosed that requests for OCIO proposals is at a record for the year to date, with the company participating in as many searches and finals presentations for OCIO in the first quarter of this year as it did for all of 2015.

OCIO providers have experienced strong growth in the last several years, driven by increasing market complexity, resource constraints, the rising cost of internal staff, and greater interest in sharing fiduciary responsibilities. Assets under OCIO advisory topped $1.5 trillion in 2015, according to the Connecticut Hedge Fund Association, and are expected to comprise 18.5% of total industry assets this year.

New York-based Clearbrook was founded in 2006 and advises on approximately $28 billion in assets for institutional investors worldwide, across all asset classes, for both discretionary and non-discretionary mandates.

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