The CFA Society New York (CFANY) hosted the 1st Annual Institutional Investment Consulting Roundtable on Thursday—the first installment of CFANY’s acclaimed Asset Owner Series event programming in 2017. The Asset Owner Series continues to build on last year’s success and popularity, bringing together high quality speakers and creating an invaluable opportunity for peer to peer networking. The evening featured esteemed senior institutional investment consultants and OCIOs who represent firms whose collective asset under advisement totals over $16.5 trillion.

Since it’s founding by CFANY volunteer leader Thomas Brigandi, in conjunction with his team of roughly 130 CFANY volunteer investment professionals, the Asset Owner Series has featured CIOs, Deputy CIOs and senior asset owner execuatives who cumulatively and directly manage or advise on over $25 trillion. Institutional investment consultants provide investment advice to both public and private companies, as well as to foundations and endowments looking for help with their own money management, or the money in their employees’ retirement funds. The evening was kicked off by Kelly Holmes, Vice President, Consultant Relations, whose firm TIAA Global Asset Management sponsors CFANY’s Asset Owners Series.

Richard M. Charlton, Chairman Emeritus, NEPC, LLC, delivered the keynote, presenting a comprehensive overview on the trends in the business of institutional investment consultants. The keynote was followed by a panel discussion featuring John Robinson, Senior Managing Consultant, PFM Asset Management; Mark Brubaker, CFA, Managing Director, Wilshire OCIO Solutions Group; Pete Keliuotis, Senior Managing Director, Cliffwater LLC; and Roger Fenningdorf, Head of Global Manager Research, Founder & Partner, Rocaton. The panel was moderated by Steve Case, CFA, Partner, Mercer Investment Consulting. One of the topics broached concerned the continued interest in alternative assets, where consultants can create value by providing asset owners with holistic advice on more complex asset types and strategies. Thanks largely to the expertise brought on by consultant groups, there has been a notable increase in direct investment in real assets at the expense of investing in Fund of Funds.

The evening’s closing keynote speaker, Michael Ryan, CFA, Managing Director and Head of Research of Hamilton Lane, provided the audience with useful information on the state of the private credit markets, as well as the increase in interest for direct lending and how it serves to impact capital flows. Despite all the private equity that has been invested in private companies over the last few years, flows continue to head in that direction. This access to capital has helped companies grow their equity base—while remaining private longer by not having to tap into the public markets through an IPO.

The event was spearheaded by CFANY volunteer leader Thomas Brigandi, who founded the Asset Owner Series for CFANY; in conjunction with Deepika Sharma, CFAPatrick Holert, CFA, CAIARobert Discolo, CFA, CAIAChris Cutler, CFAJae Yoon, CFA,  and Rongbiao Fu, CFA.

About Asset Owner Series

The CFANY Asset Owner Series is a collection of exclusive events for investment industry executives looking to improve their asset management strategies and advance their market knowledge with the guidance of some of the most experienced minds CFANY has to offer. Since the beginning of 2016, CFANY’s Asset Owner Series has hosted asset owner CIOs, Deputy CIOs, and other asset owner senior executives who collectively and directly oversee north of $10 trillion in assets, in addition to featuring senior representatives from institutional investment consulting firms who collectively advise on over $16.5 trillion.

According to OECD and World Pensions Council estimates, there is approximately $95 trillion in institutional investor (asset owner and asset manager) AUM globally. Over the course of its 2 year inauguration, CFANY’s Asset Owner Series will feature industry leaders who collectively and directly oversee or advise on roughly $40 trillion, or approximately one third of total institutional assets globally. The Series’ Inaugural Capstone event, the Asset Manager CIO Roundtable, will feature CIOs and Deputy CIOs who are responsible for over $10 trillion in direct AUM oversight. Post 2017, the Series will feature 6 annual events, as opposed to the 11 annual events that took place during the inaugural 2 years.

The Series was founded by CFANY’s 2016 Benjamin Graham Distinguished Service Award recipient, 2015 Volunteer of the Year and 2013 Young Investment Professional Award recipient, Thomas Brigandi, in collaboration with a team of over 100 industry leaders who source speakers from their respective networks on behalf of the Society. The Series is being spearheaded by volunteer leaders Thomas BrigandiDeepika Sharma, CFAPatrick Holert, CFA, CAIAJae Yoon, CFARoberto Peralta, CFA; Michael Weinberg, CFARobert Discolo, CFA, CAIA, CPA Maria Weitzer, CFAKevin Maxwell, CFA and Christopher Cutler, CFA.


With a membership of over 9,000, the CFA Society New York, Inc. (CFANY) is the largest CFA® society in North America and a founding member of CFA Institute. Founded in 1937 by value investing pioneer Benjamin Graham, CFANY is a leading forum for the financial services industry and a provider of professional education and career development. In addition to delivering more than 200 events annually for its members, investment professionals and the general public, CFANY prepares hundreds of candidates to obtain the Chartered Financial Analyst® (CFA) designation. CFANY is committed to promoting best practices and the highest ethical standards in finance. Visit for more information.