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.