New Outsourced CIO Business Aims To Fill A Gap

Tom Burroughes

13 December 2022

A few weeks ago, ”.

“We see substantial value in differentiating ourselves from the retail alternative offerings space.”

The firm maintains broad coverage across alternative investment silos such as hedge funds, “real assets” and private markets.

So far, Taiber said, the business has expanded via word of mouth, rather than systematic advertising. The visibility and profile of the OCIO model has risen.

Other OCIO firms operating today include the likes of Hirtle Callaghan. (See a profile of that business here.) The rise of family offices, and their need to farm out certain functions to be cost-effective, is a driver of the OCIO model.

The wider trend of RIAs, family offices and others in outsourcing work to specialist firms brings its own challenges in terms of monitoring delivery and ensuring that the end client’s needs are catered to.

The Securities and Exchange Commission has moved to tighten obligations for outsourcing work to third-party providers.

Taiber welcomed recent moves by the SEC to call for more rigorous due diligence by RIAs.