On September 25-26, 2018, Canterbury Consulting’s Director of Outsourced Investments, Poorvi Parekh, spoke at Consultants and OCIO: Behind the Veil, a panel discussion at the 2nd Annual West Coast Sub-Advisory Roundtable in Marina del Rey, CA. The panel discussion focused on the dynamics between consulting/outsourced CIO firms and asset managers. While the panel agreed that there are great opportunities for asset managers to participate in the growth of OCIO assets, they also voiced concerns regarding how different OCIO businesses, in some cases, compete with asset management firms. The panel also spoke on how the pressure on fees, the creation of custom portfolios, and the implementation of Environmental, Social, and Governance mandates have influenced their decisions on managers and portfolio construction.
The two-day event brought together almost 50 different experts in the sub-advisory and related landscape to present, moderate, and discuss how the investment objectives of institutions are changing and how firms that offer sub-advised strategies can respond to these needs.