Resources and information
Our combination of professionals from major endowments and asset managers, along with our meaningful experience as an outsourced CIO provides Covariance with the ability to offer a distinctive perspective to our clients. The resources provided here give you access to our thinking and approach to endowment management and the capital markets.
The Outsourced Chief Investment Officer Relationship
The OCIO relationship helps you efficiently share responsibility for the management of your organization’s endowment. This piece explains the rationale behind the OCIO solution, how the relationship typically works and how an OCIO arrangement differs from a consultant relationship.
Managing the Uncertainty: An Approach to Private Equity Modeling
Building and maintaining a private equity allocation is important to many long-term investors, but proves to be a difficult exercise given the unique characteristics of the strategy. This piece proposes a Monte Carlo model that better enables endowments to project distributions and unfunded liability levels, and better measure and manage various liquidity and rebalancing risks. It also offers insights into the optimal ways of building up an allocation to private equity strategies.