Management Consulting
Aon
Full Credential Description
Aon was selected as an Outsourced Chief Investment Officer (OCIO) provider for a U.S. foundation managing over $500 million in assets, which faced challenges due to a complex private equity portfolio. The foundation aimed to outsource its portfolio management to allow its staff to concentrate on its core mission. Aon implemented a multi-period evolution of the portfolio, which involved reducing the number of investment managers, thereby decreasing overall fees. Additionally, Aon introduced diversifying strategies and transitioned the foundation to a new custodian that was better suited for alternative investments. This strategic alignment ensured that the investment strategy was in line with the foundation's objectives, which included health care, inclusion, and responsible investing. The OCIO model not only alleviated resource burdens on the foundation's staff but also provided active management and oversight during a challenging market environment. This tailored approach allowed the foundation to navigate the complexities of investment management effectively, ultimately enhancing its ability to fulfill its mission while optimizing financial performance.