Saint Mary's College of California, Moraga, selected Wilshire Associates as outsourced chief investment officer for its $187 million endowment, confirmed Susan H. Collins, vice president for finance and administration, in an email.
There was no RFP issued.
Wilshire was selected to replace the endowment's current OCIO because "the investment committee was not pleased" with the incumbent service provider. The identity of the incumbent OCIO was not disclosed.
Wilshire was previously Saint Mary's investment consultant until the school decided to switch to a discretionary OCIO model in December 2017.