- Achieve your financial objectives and preserve capital using a Chief Investment Officer (OCIO) which provides full-time, dedicated and independent staff to manage your investment function and enhance fiduciary comfort. Full-time investment management results in:
- Timely decision making;
- The ability to add return through both asset allocation and manager selection;
- Minimizing investment committee issues, such as the buy high/sell low syndrome (i.e., terminating underperforming managers and hiring recently outperforming managers).
- Implement Environmental, Social & Governance (ESG) investing for good stewardship of your endowment and the planet. ESG investing generates levels of return above or comparable to traditional approaches and can lower risk.
- The Benefits of Investing at Scale include a diversified portfolio with alpha potential, cost-effective fees based on CIG’s collective size, avoidance of conflicts of interest, and improved overall risk-return experience.
- Advocacy for the Episcopal Church’s Mission. CIG helps Episcopal endowments implement proxy voting and supports Episcopal mission by engagement through the Interfaith Center on Corporate Responsibility, CDP (formerly Carbon Disclosure Project) and the US Sustainable Investment Forum.
While there are significant advantages to using a full time Chief Investment Officer for larger, sophisticated endowments, full time professional management is particularly valuable for smaller entities. CIG has met with Episcopal entities who are paying above market fees and using managers who provide access to only their own products. Some Episcopal entities do not focus on the underlying manager fees that accompany their advisory fees.
CIG is a non-profit and fees are based on our collective assets with fee reductions continuing as assets grow. This results in very competitive fees for all our investors. For smaller endowments, the fee reduction can be quite significant; smaller endowments often pay 1% advisory fees plus the expense of the underlying managers.