CFA – Institute – Exposure Draft of the Guidance Statement for OCIO Strategies

November 20, 2023

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CFA – Institute – Exposure Draft of the Guidance Statement for OCIO Strategies

Letter Summary:

‚ÄčIn September 2023, CFA Institute issued for public comment an exposure draft of the Guidance Statement for OCIO Strategies. This Guidance Statement explains how to apply the GIPS standards to OCIO portfolios, including how to define OCIO composites. It also addresses other OCIO-specific performance challenges, such as benchmark selection, treatment of legacy assets, and fee transparency.

Overview of the Council’s Comments: