NEPC’s Head of Portfolio Strategy, Scott Perry, was recently featured the Pensions & Investments OCIO Special Report for his insights on OCIO reporting standards. View the article on the Pensions & Investments site here.
Efforts underway now to come up with outsourced CIO reporting standards could be one means of making what remains a crowded, opaque market segment easier for institutional clients to navigate.
Or not, depending on whom you ask.
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Scott Perry, a partner with Boston-based NEPC, counts himself among the optimists, holding out hope that an ongoing CFA Institute exercise charged with creating rules of the road for OCIO reporting could lay the groundwork for more consistent reporting of OCIO track records and performance over the coming six to 12 months.
He said coming guidelines — “an important next step for the rapidly expanding OCIO solutions market” — should help stakeholders make more informed decisions about the options available to them.
“Historically, it has been hard for stakeholders to do an apples-to-apples comparison of OCIO track records,” Perry noted.
The coming guidelines, while not perfect, will move in the direction of making such comparisons possible – considerable progress for a market segment that retains “a little bit of the Wild West” about it, he said.
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“It’s highly competitive, with a lot of players and still limited consolidation,” noted NEPC’s Perry. Meanwhile, there are three major categories of OCIOs — those linked to asset managers, investment consulting firms and endowment boutiques, he said.
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