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Investment Management Model

Effective July 1, 2017, the ASU Foundation for A New American University (ASUF) named BlackRock, Inc. as its outsourced chief investment officer (OCIO).

Evolution in ASU Enterprise Partners’ Investment Committee’s strategy led it to request proposals for re-imagining its OCIO role, after which BlackRock was selected for its closely aligned strategies and values -- including its offerings for passive equity management, reduced fees, new investments and a broad partnership to engage in programming and mentorship for ASU undergraduates.

The OCIO endowment and pension management structure has gained popularity among institutional investors due to its suitability for dealing with complexities in the global investment landscape.

Evolution in ASU Enterprise Partners’ Investment Committee’s strategy led it to request proposals for re-imagining its OCIO role, after which BlackRock was selected for its closely aligned strategies and values -- including its offerings for passive equity management, reduced fees, new investments and a broad partnership to engage in programming and mentorship for ASU undergraduates.

The firm assumes management of ASU Foundation's long term investment pool on July 1, 2017.

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Background

In January 2017, the foundation’s Investment Committee requested proposals from qualified investment firms. Based on their responses, finalists were interviewed and, through a methodical selection process, BlackRock was selected as the best fit for ASUF’s program. The selection was approved by the ASUF Investment Committee to go into effect 7/1/2017.



Expected advantages

  • Movement of public equity allocations to passive management to reduce fees
  • Acceleration of private equity investments in a larger, more robust pool
  • Advanced reporting and focus on impact investing
  • Broadened partnership to engage in educational programs and mentorship activities for students



BlackRock

  • Global leader in investment management, risk management and advisory services for institutional and retail clients
  • As of March 2017, manages $5.4 trillion in assets and has approximately 13,000 employees in more than 30 countries and across global markets
  • Information about BlackRock’s capabilities and platforms available at https://www.blackrock.com/institutions/en-axj/



ASU Foundation’s Investment Committee

The ASU Foundation board of directors empowers an investment committee of six-eight board members, assisted by advisers from ASU, the ASU Alumni Association and the financial community. The committee invests each gift to the endowment as part of a pooled fund comprised of a diversified, professionally managed portfolio. Combining individual endowments in a single, strong fund maximizes returns, increases investment opportunities and minimizes administration fees.