Clearbrook Global Advisors Granted OCIO Contract for the Town of West Warwick, RI Pension Fund
Over the Last 18 Months the Firm Has Seen Increased Interest From the Public Pension Sector for Customized OCIO Services That Meet Their Needs
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 07/15/15 -- , a privately held, independent investment advisory firm, announced it has been selected as outsourced CIO for the Town of West Warwick Pension Fund. Clearbrook will act as an extension of the Town''s Pension Fund Board and investment staff to lead the $27 million fund through investment policy decisions and implement those decisions on their behalf.
"As OCIO, Clearbrook will work in partnership with the Town of West Warwick Pension Fund Board to build a streamlined, customized portfolio utilizing best of breed investment options that are in the best interest of the town," said Nicholas Denice, Pension Fund Board Chairman. "We believe Clearbrook''s OCIO services will make a positive impact, both for the Fund and its beneficiaries, to alleviate the administrative burden from board members and reduce costs."
The Town of West Warwick circulated a RFP for investment consultant in August of 2014.
Under the new mandate, Clearbrook will work closely with the Town of West Warwick''s Pension Fund Board as a discretionary advisor, acting as a fiduciary and providing expertise as an outsourced CIO to deliver customized investment strategies designed for the needs of the Plan.
"As the investment landscape continues to become more complex, we have seen an increasing interest in outsourced CIO services that can provide seamless and unbiased oversight of investments for public funds," said Elliott Wislar, CEO, Clearbrook. "These plan sponsors are looking for experienced partners who will be fully transparent, help them meet their fiduciary obligation, lead them through investment policy decisions and implement those decisions on their behalf."
Clearbrook provides comprehensive, objective investment advice and solutions to institutional investors worldwide, across all asset classes, for both discretionary and non-discretionary mandates. With more than $30 billion in assets under advisement, our business model, founded in independent thinking, is comprised of disciplined research and analysis, and vision tempered with experience. Our culture is client driven, focusing on customized investment solutions for each client''s unique objectives and needs. We bring actionable insights to every meeting, beginning with our first presentation. For more information, please visit .
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Datum: 15.07.2015 - 07:00 Uhr
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