Due to the current complexities surrounding various investment vehicles and their increased due diligence provisions, endowments and foundations are mulling over the possibility to implement an outsourced CIO model, according to an SEI study.
The Oaks, Pa.-based firms’ quick poll, released Tuesday, tabulated responses from nearly 177 nonprofit executives and investment committee members who oversee assets ranging from $25 million to more than $1 billion. Of this group, approximately 54% said that they “are interested in learning more about the benefits of an outsourced approach” despite their use of an investment consultant.
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