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The Decision to Delegate
Our discussions have now been more focused on aligning benchmarks to our objectives and much more larger picture issues rather than being focused on XYZ company within a certain risk bucket and trying to figure out if those are the best managers that we should be using.
Four Investment Committee Chairs discuss why their committees chose OCIO
It's important to have a partner you can rely on to help you think through the different market environments you're in. A lot of not-for-profit institutions have volunteer investment committees with members that have busy day jobs. So when the markets are under stress, you're typically under stress in your day job as well as for the endowment you're working on.
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Cambridge Associates has been an investment partner to some of
the most sophisticated investors in the world for the last five decades, we have learned firsthand which practices are most likely to lead to investment success—and which practices can create the biggest roadblocks.
That’s why we built a different kind of OCIO business. Ours is one that is purposely designed to focus on what we believe are the key drivers of long-term investment success: building a portfolio uniquely calibrated for your goals, finding and accessing best-in-class global managers, and maximizing the long-term stability of your portfolio.
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Robert B. Rodgers
Managing Director, Endowments & Foundations
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There's a much longer term rhythm to what we're doing as opposed to looking at individual investments and trying to make decisions. And we're spending a lot less time reviewing the trailing three month performance, which is not appropriate when you have an evergreen investment objective with an endowed model.
Our real mission is as a governance committee, and it is to oversee the investments and make sure that they're being properly managed and less so to be the actual investors of that money. Investing is hard, being a good investor is actually quite difficult.
Investment Committee Chair, University of Hawaii Foundation
Mike Hirai
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Investment Committee Chair, Longwood Gardens
Valerie Sill
Investment Committee Chair, Louisiana State University Foundation
Beau Fournet
Investment Committee Vice Chair, Trustees of Reservations
John Laupheimer
We had a conversation with investment committee chairs from four institutions with assets ranging from $200 million to $850 million to understand why they chose to delegate decision-making on their investment portfolios — and to reflect on that decision today.
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Answer these ten questions to find out which governance model could be right for your institution.
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Find out why these four non-profit organizations switched to OCIO, including the process they went through and what they learned from their experiences.
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Listen to the full conversation here
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Beau Fournet
Mike Hirai
Valerie Sill
John Laupheimer
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The comments made by Cambridge Associates clients in this interview do not constitute an endorsement of Cambridge Associates. The information contained herein does not constitute a recommendation from any Cambridge Associates entity to the listener or reader.
The comments made by Cambridge Associates clients in this interview do not constitute an endorsement of Cambridge Associates. The information contained herein does not constitute a recommendation from any Cambridge Associates entity to the listener or reader.
