Thought Leadership / Commentary / Uncovering the Hidden Challenges Faced by Endowments, Foundations, and Pensions
Posted by Mirador
1. Implementing an OCIO for the first time can be an overwhelming change.
In recent years, several factors have prompted more endowments and foundations to consider adopting an Outsourced Chief Investment Officer (OCIO) model. These include a renewed focus on risk management, increasing inflation rates, limited access to private asset classes, and a growing interest in alternative investments.
At Mirador we specialize in supporting OCIO decision-making and providing investment committees with comprehensive and consolidated reports across all managers to help them fulfill their fiduciary duties. We offer a detailed and up-to-date view of all assets, enabling the identification of opportunities and the exposure of financial risks. We ensure that the data is accurate, continuously refine reports to provide new insights, and are fully equipped to answer any questions and identify and resolve any inconsistencies. Our clients are making data-driven decisions.
2. Self-staffing can be expensive and impractical.
Having investment managers report their own performance compromises objectivity (like having athletes self-referee games).
In addition to values, performance, cash flow/liquidity and other individual metrics, our consolidated reports not only isolate individual manager performance, but also help expose saturation risk caused by overlapping mandates.
3. Not enough time or resources to focus on the big picture.
Your foundation’s work is of utmost importance and significance. It necessitates an unwavering commitment to attaining enduring and sustainable outcomes that can have a positive impact on society and the world at large.
Mirador provides investment committees with a real-time view of assets to identify opportunities and risks, freeing them to focus on philanthropic guidance, fundraising strategies, and ongoing board education for fiduciary compliance.
4. Having an aligned mission and strategy with an outsourced service.
To ensure your success, it is imperative to find support services that not only understand your objectives and mission but also specialize in the type of support you are seeking. A service that can provide tailored and personalized guidance to help you achieve your goals is essential.
At Mirador, we strive to work as an extension of your team. Understanding your mission and objectives is of utmost importance to us as it helps us customize reporting content at the right cadence to fit your decision-making needs. By learning how to be an active and supportive teammate, we aim to gain a better understanding of your top priorities and, thus, better serve you.
