Institutional Services
Outsourced Chief Investment Officer
A dedicated investment office for endowments, foundations, nonprofits, and other institutions, without building one in-house.
Overview
Rubric serves as an Outsourced Chief Investment Officer (OCIO) for institutional clients, taking on the day-to-day work of managing an investment program so your team can focus on its mission. We implement your program within the parameters of your Investment Policy Statement (IPS), drawing on the same disciplined, evidence-based approach we apply across the firm.
Mandates can be structured as discretionary or non-discretionary, as set out in your Investment Advisory Agreement. Under a discretionary mandate, we select, retain, and replace managers, set and adjust allocation, and execute rebalancing within your IPS. Under a non-discretionary mandate, we provide recommendations to your investment committee, board, or designated fiduciary, and you retain final authority over each decision.
Where appropriate, Rubric may engage sub-advisors to manage all or a portion of an OCIO client's assets. Sub-advisor and underlying manager fees are charged in addition to our fee. OCIO mandates generally require $1,000,000 in assets; see our fees.
All investing involves risk, including loss of principal. Sub-advisors and underlying managers may underperform, and private vehicles, where used, are illiquid and can lose their entire value.
Who We Serve
OCIO mandates are designed for institutions that need professional investment oversight without an in-house investment team.
- Endowments & foundations
- Charitable trusts & nonprofit organizations
- Religious organizations
- Healthcare systems
- Corporate operating & reserve accounts
- Insurance reserves
- Pension & other retirement plans
What an OCIO Partnership Includes
End-to-end management of your investment program, from policy design through ongoing oversight and reporting.
Investment Policy Statement
We develop your IPS and review it on an ongoing basis.
Asset Allocation
Strategic and tactical allocation aligned to your goals, time horizon, and risk tolerance, with disciplined rebalancing.
Manager Search & Selection
Sourcing, selecting, monitoring, and replacing investment managers, with investment and operational due diligence on managers and vehicles.
Portfolio Construction
Portfolios built across separately managed accounts, mutual funds, and ETFs, and, where appropriate and available to qualified clients or qualified purchasers, private investment vehicles.
Committee & Board Support
Periodic performance, risk, and attribution reporting plus preparation and support for investment committee and board meetings.
Coordinated Oversight
Coordination with your qualified custodian and other service providers.
Common questions
What is an outsourced chief investment officer (OCIO)?
Who are OCIO services for?
How are OCIO fees charged?
Next step
Explore an OCIO Partnership
Let's discuss your institution's objectives, governance, and investment policy, and whether an OCIO mandate is the right fit.
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