Alpha Capital Management, an outsourced CIO search consultant, partnered with Nasdaq to launch a series of OCIO indexes.
The nine Alpha Nasdaq OCIO indexes went live April 30 and are composed from more than 600 anonymous OCIO account historical returns across 26 asset classes provided by 16 OCIO managers, including Angeles Investment Advisors, Commonfund, NEPC, Russell Investments, SEI Investments, Strategic Investment Group and Vanguard Group.
All clients accounts are equal-weighted, said Bradley H. Alford, founder and CIO of Alpha Capital, in an email.
Mr. Alford said development of the new OCIO indexes took two years, noting "I spent 2018 working with the OCIO (managers) to create something they wanted and would support. Our tag line is 'built by the industry, for the industry.'"
Mr. Alford said Nasdaq decided to partner with Alpha Capital on the indexes "because they loved the idea" and created a portal for OCIO manager to upload their client data.
As of Dec. 31, the representative return of the flagship index — AlphaNasdaq OCIO Broad Market index — returned 18% for one year; 8.8% for three years; 6.5%, five years; and 8%, 10 years. Multiyear returns are annualized.
