"For plans that do not have in-house investment capabilities, the outsourced chief investment officer (OCIO) model is a means of filling the gap between the resources required to run efficient investment strategies and the typically constrained governance budget of a pension plan. The OCIO (also known as a fiduciary manager) implements an investment strategy within boundaries set by the investment committee, allowing high-level decision makers more time to focus on key strategic issues and long-term plan goals. The concept is fairly simple, but the implementation can be less easy to visualize."  MORE >>