SEI's inaugural OCIO Search Consultant Survey found that search consultants saw a slight year-over-year increase in activity in 2020.
The survey found that across 2020 searches, nearly 60% were for discretionary providers or outsourced CIO providers. Only 22% were for non-discretionary providers.
The OCIO model offers the broader oversight of a firm’s investment strategy and day-to-day investment and fiduciary decision making, according to SEI. It allows the investment committee role to shift to one of policy-setting and asset allocation strategy rather than manager vetting.
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