Fin Daily: UFCW Local 1500 Hires Outsourced CIO

July 31, 2018

We will provide discretionary management of the Westbury, N.Y. union’s pension assets

The United Food & Commercial Workers Local 1500 (UFCW) has hired our Institutional group as its new outsourced CIO (OCIO). We'll provide discretionary management services for the union. UFCW moved away from a non-discretionary plan to lift the time burden of dealing with independent money managers on a quarterly board meeting schedule.

"The OCIO model lifts the time burden of dealing with independent money managers"

The OCIO model brings efficiencies to organizations that might have limited resources performing the ongoing monitoring, hiring and firing of underlying investment managers. Our team of 100+ investment professionals performs this seamlessly on behalf of our clients.

Read: UFCW Local 1500 Hires Outsourced CIO (PDF) 

Improve Control, Focus on Results

Take a more efficient approach to managing your assets.

Your committee needs more time for critical asset allocation decisions, long-term planning and strategy. We can help.

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Information provided by SEI Investments Management Corporation (SIMC), a registered investment adviser and wholly owned subsidiary of SEI Investments Company.