People moves

Not for profit investors embrace outsourcing, SEI finds

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A poll completed by SEI found that 54% of nonprofits are interested in learning more about the benefits of an outsourced chief investment officer model to manage assets as a response to current economic conditions. This model has been adopted by San Diego County Employees Retirement Association, which will be profiled in-dept in the September issue of InvestHedge.

The group interested in outsourcing cited increased complexity in investment vehicles and increased due diligence requirements as reasons for concern. Separately, 20% of respondents said their organisation lacks the necessary internal resources and another 25% said the number of new