ARLINGTON, Va., March 27, 2017 /PRNewswire/ -- Strategic Investment Group ("Strategic"), an Arlington-based Outsourced Chief Investment Officer (OCIO) firm, who serves as a fiduciary partner for 31 clients, announced today that it claims compliance with the Global Investment Performance Standards (GIPS®) and has been independently verified for the period of January 1, 2007 through December 31, 2016.
Introduced in 1999, the GIPS standards are a rigorous set of investment performance measurement principles, which have been adopted in 39 countries and recognized around the world for lending credibility, integrity, and uniformity to performance reporting by enabling direct comparability of a firm's track record. The standards also improve transparency by eliminating survivorship biases, misrepresentations, and historical data omissions.
"The OCIO industry has experienced, and continues to experience, rapid growth both in the number of participants and the range of service models, making the asset owner's task in selecting an appropriate partner more difficult," said Kenneth Grossfield, Chief Administrative Officer and General Counsel of Strategic. "We firmly believe that by claiming GIPS compliance, we are taking an important step towards standardizing one fundamental aspect of this evaluation process – the review of a firm's actual client performance."
Strategic was independently verified for the period January 1, 2007 through December 31, 2016 by The Spaulding Group, Inc. To achieve this goal, Strategic separately engaged the consultation services of Guardian Performance Solutions LLC.
"We are extremely proud to have undergone the demanding process to claim compliance with the GIPS standards, the global standard for presenting performance history," said Nikki Kraus, Strategic's Global Head of Client Development, who has been in the OCIO industry for nearly 23 years. "The advancement of these standards is important to the credibility of our industry, and our support demonstrates Strategic's commitment to open and transparent communication with our clients and prospective clients."
About the GIPS Standards
The GIPS standards are a set of standardized, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to prospective clients. The GIPS standards have been adopted in 39 countries and are recognized around the world for their unparalleled credibility, integrity, scope, and uniformity, enabling direct comparability of a firm's track record. The GIPS standards were created and are administered by the CFA Institute, the global, not-for-profit association of investment professionals that awards the Chartered Financial Analyst (CFA) designation, among others.
About Strategic Investment Group
Strategic Investment Group® ("Strategic") is a registered service mark of Strategic Investment Management, LLC and an SEC-registered investment adviser. Strategic was founded in 1987 for the explicit purpose of serving as clients' investment office, providing its clients with active portfolio management, rigorous risk management, and open architecture manager selection, commonly referred to today as Outsourced Chief Investment Officer (OCIO) services.
Strategic functions as our clients' investment partner and co-fiduciary, effectively becoming an extension of their resources. Clients are then free to focus on their core missions, while we focus on providing the highly specialized portfolio management expertise that clients need to meet their investment goals. Depending on a client's needs and preferences, Strategic can orchestrate the management of an entire portfolio comprising multiple asset classes; focus on specific asset classes, such as alternatives (e.g., hedge funds, real estate, and/or private equity) or international investments; or manage strategies with high potential for adding value (e.g., portable alpha through investor-friendly structures). Customized liability-driven investing (LDI) solutions, whether through an integrated total portfolio approach or a targeted long-duration strategy, are also available, as are solutions that address mission-related investment objectives.
We strive to build enduring partnerships with our clients by strengthening their investment programs through a dynamic, value-enhancing investment process, sound governance framework, and world- class client service. Strategic's mission is to empower investors through experience, innovation, and excellence.
Strategic Investment Group claims compliance with the Global Investment Performance Standards (GIPS®). For a copy of a presentation that complies with the GIPS standards and/or the firm's list of composite descriptions, please email [email protected].