A recent white paper from Cerulli Associates and BlackRock estimates that institutional assets managed by outsourced chief investment officers was about $1.1 trillion at the end of 2018 and expects that figure to grow to $1.7 trillion over the next five years. Based on actual and estimated data, year-over-year growth has declined and will continue to do so through 2023.
Corporate pension plans have comprised most of the total managed assets, but their share has fallen. Much of the decline can be attributed to beneficiaries drawing benefits from the plans as well as the plans' pension risk transfer efforts and higher allocations to slower growth fixed-income strategies.
