We work with leaders of financial institutions and institutional funds to recruit Board Members, Executives Officers, Chief Investment Officers, and asset managers| Charles Skorina & Company
If I disagree with something, I either bet against it, or I keep silent – Amarillo Slim It’s been a festive fifty years for the alternative investment industry, with private equity the belle of the ball. And as Chuck Prince, former CEO of Citigroup once remarked, “as long as the music is playing, you’ve got to get up and dance.” But no matter how compelling the party, there are usually a few contrarians lingering in the wings. Ken Frier, CEO of OCIO firm Atlas Capital Advisors, wro...| Charles Skorina & Company
When the winds of change blow, some people build walls and others build windmills ― Chinese proverb There’s a lot of money to manage in this world, about $471 trillion US dollars according to the latest UBS Global Wealth Report 2025, and well over a third – $175 trillion – sits right here in our own back yard. Last year Henley Global’s World’s Wealthiest Cities Report 2024 broke down US wealth distribution by individuals and location: USA City/Area (US Dollars) Millionaires (1mm+)...| Charles Skorina & Company
I never wanted this for you. We just ran out of time, Vito Corleone ― The Godfather Our spring 2025 Outsourced Chief Investment Officer (OCIO) directory update features one-hundred-seven service providers with pertinent particulars on each. We include names, numbers, emails, and titles of business executives at each firm ready to take your call. Our goal is to help families and institutions locate, review, and connect with full-service discretionary outsource investment managers. Our direct...| Charles Skorina & Company
Let me tell you about the very rich. They are different from you and me. ― F. Scott Fitzgerald, The Great Gatsby Suppose the Princeton or Yale endowment investment staff wanted to go all-in on a single stock? Forget diversification and the free lunches, just one shoot-the-moon can’t lose security. Think their trustees would go for it? Can elephants fly? Of course not. And yet, this is the case for some of the biggest winners in the foundation world, funds like the Jen-Hsun & Lori Huang Fo...| Charles Skorina & Company
Too many people think investing is easy – Warren Buffett Guest commentary: Jon Hirtle Executive Chairman, Hirtle Callaghan Most universities distribute about 4.5 to 5 percent of their endowment’s value each year to support school operations. The investment office therefore must earn a bare minimum 4.5 to 5 percent to maintain the nominal value of the endowment and its ability to support the university in perpetuity. But what about purchasing power? Inflation whittles away at buying power ...| Charles Skorina & Company
Activity is the enemy of investment returns —Warren Buffett Endowment board members tell us their schools must earn at least eight percent on average to support operations and administration, student aid, and capital conservation. Unfortunately, that’s a tough nut to crack based on recent performance. Only forty-two of the one-hundred-nineteen funds over one billion AUM in our latest FY2024 endowment performance report achieved eight percent or more over the most recent ten-year period. ...| Charles Skorina & Company
Being too far ahead of your time is indistinguishable from being wrong — Howard Marks Our latest fiscal year-end 2024 endowment performance report features ten-year and one-year returns, and AUM for one-hundred-forty-five US and eight Canadian institutions, the latest available. In our line of work, acquiring talent and capabilities for institutional and family office clients, we like hard data on the individuals who drive the investment decisions. Returns may be historical, but they are ...| Charles Skorina & Company
For six months ending June 30th, 2024, total OCIO AUM hit record $4.456 trillion dollars, an impressive 10.73 percent gain| Charles Skorina & Company
Chief investment officers are C-suite executives. They manage a business that generates revenue and supports an enterprise. Be it OCIO, endowment, or family office, investment leadership matters.| Charles Skorina & Company
“The true sign of intelligence is not knowledge, but imagination” —Albert Einstein You don’t have to reinvent the wheel to build a successful outsourced chief investment officer (OCIO) business, but it sure helps to connect the dots. Despite countless paeans to AI these days, when it comes to OCIOs, there is very little new under the sun, and as most wide-eyed newcomers eventually come to admit, discretionary service providers are notoriously hard to scale. Jon Hirtle of Hirtle Call...| Charles Skorina & Company
Our latest Outsourced Chief Investment Officer spot-check notes a steady stream of RFPs, mostly under eighty million AUM, Obama Foundation excepted. Some client institutions are looking to change providers, unhappy with recent returns. But if better performance is what they're after, a word of caution: their current OCIO's best years might be just beginning.| Charles Skorina & Company