Searches and Hires

Guide Dogs for the Blind picks SEI as first OCIO

Guide Dogs for the Blind, San Rafael, Calif., hired SEI to provide outsourced chief investment officer services for its $374 million in endowment assets, confirmed Christine Benninger, president and CEO, in an email.

The non-profit charity conducted a search last year because it was interested in moving to an OCIO model from traditional non-discretionary consulting services provided by incumbent Callan.

As of Dec. 31, 2017, the most recent data available, the actual allocation was: 29% international equities; 19% domestic fixed income; 14% absolute return/hedge funds; 13% each, domestic equity and real estate; 11% private equity; and 1% cash.

North Pier Search Consulting assisted with the search. Jim Scheinberg, North Pier managing director, would not provide information on whether Callan bid for the services or which firms were finalists.