Performance
How do your results compare?
Evaluate returns against relevant benchmarks and comparable institutional portfolios, with context for the period and mandate.
Independent review and selection
Independent OCIO & Investment Consultant Review and Search.
Alpha Capital Management helps institutional boards and investment committees review their current OCIO or investment consultant, informed by OCIO Analytics. Understand performance, risk, and fees—and pursue a search when a change is warranted.
Start with a complimentary conversation about your current provider, portfolio, and oversight priorities. No search commitment required.
110+OCIO and consultant searches
$120B+Represented in the marketplace
100%Independently owned
Independent review · Informed by OCIO Analytics
A clearer view of your current investment program.
Understand the results, risks, and costs behind your current OCIO or investment consultant relationship.
Alpha combines institutional judgment with OCIO Analytics to turn portfolio comparisons into useful questions and practical next steps for your committee.
Asset allocation
What is driving the portfolio?
Examine the mix of assets, compare allocations with relevant peers, and consider the institution’s objectives and liquidity needs.
Portfolio risk
Does the risk fit the mandate?
Put returns in the context of portfolio risk and assess whether the risks taken align with the institution’s priorities.
Dispersion
Where do outcomes diverge?
Understand the range of results among comparable portfolios and where the institution falls within that range.
Fees
How do costs compare?
Compare advisory fees with relevant peers and examine the services and underlying expenses behind the total cost.
A review can support staying with your provider, addressing specific concerns, or exploring alternatives.
Explore Independent Reviews →Explore Alpha Capital
Start with the right resource.
Explore independent reviews, search services, institutional data, OCIO benchmarks, and provider research.
Why Alpha
Independent by design. Specialist by focus. Evidence-led in practice.
Alpha works on the institution’s side of the review and selection. The firm does not provide OCIO or investment consulting services and does not compete for the mandates it helps clients evaluate.
Alpha combines 110+ institutional searches and $120B+ in assets represented with former-allocator experience, the Alpha Nasdaq OCIO Index, and OCIO Analytics. That combination gives fiduciaries both market context and decision-specific evidence.
Industry survey recognition
75% of surveyed OCIO providers cited Alpha among the leading search firms they encountered.
Source: Cerulli Associates, 2024 Annual OCIO Report. Provider recognition is one market signal; the appropriate search consultant remains specific to each institution and mandate.
Three connected advantages
Independent review, objective benchmarks, and institutional data.
OCIO and Investment Consultant Review
An independent assessment of your current relationship, informed by portfolio evidence and the institution’s priorities.
Explore independent reviews →Alpha Nasdaq OCIO Index
An objective family of performance benchmarks built from client-level data reported by leading OCIO firms.
Explore the index →OCIO Analytics
Validated institutional performance, allocation, risk, fee, and attribution intelligence across more than 1,900 portfolios.
Explore the platform →Who Alpha serves
One independent process, adapted to the asset owner.
Alpha’s work is not limited to one institutional category. Each review or search begins with the owner’s governance, objectives, liquidity needs, resources, and definition of success.
Endowments and foundations
Review performance, spending, liquidity, and provider fit in the context of the institution’s mission and committee resources.
Explore endowment search →Family offices
Independent review and search for families evaluating an outsourced relationship or formalizing investment governance.
Explore family office OCIO search →Pension and retirement plans
Review and evaluation shaped by funded status, liabilities, governance, implementation, and fiduciary oversight.
Explore pension search →Healthcare organizations
Provider review and selection for operating reserves, foundations, retirement assets, and other pools with distinct liquidity needs.
Explore healthcare search →Other institutional investors
A review or search shaped around the mandate of institutional pools with specialized needs or operating models.
Explore institutional search →Direct answers for fiduciaries
Independent guidance for consequential decisions.
Alpha was founded to give institutions an experienced, independent partner for evaluating the investment marketplace. The firm’s review and search work is strengthened by real allocator experience and a view across dozens of OCIO providers.
What does an independent review cover?
Alpha evaluates an existing OCIO or investment consultant relationship using the institution’s objectives and available evidence. OCIO Analytics informs the review of performance, asset allocation, portfolio risk, dispersion, and fees; provider service and governance are considered within the agreed scope.
Does a review commit us to a search?
No. A review is a standalone engagement. Findings may support continuing the current relationship, addressing specific concerns, or considering alternatives. Any search would be a separately defined engagement.
What is an outsourced chief investment officer?
An outsourced chief investment officer, or OCIO, is an external investment organization given agreed authority to manage defined parts of an institutional investment program. The board or investment committee retains fiduciary oversight while the OCIO implements the responsibilities established in the mandate.
What does an OCIO search firm do?
An independent OCIO search firm helps an institution define its needs, compare qualified providers, evaluate people and processes, conduct due diligence, and select an investment partner without offering a competing OCIO product.
Why use an independent OCIO search consultant?
Independence keeps the selection process focused on the institution. Alpha Capital does not provide OCIO services, so its advice is designed around objective comparison, governance, fit, and fiduciary outcomes.
Who does Alpha Capital serve?
Alpha Capital works with investment committees, boards, endowments, foundations, healthcare organizations, retirement plans, and other institutional asset owners.
When a change is warranted
A search, when it is the right next step.
If the findings point toward a new partner, Alpha brings its independent OCIO and investment consultant search experience to the decision.
A review stands on its own. A search begins with a separately defined scope and the institution’s priorities.
Explore outsourced CIO consultant search →Start with your current relationship
What should your next review answer?
Discuss your current provider, portfolio, or committee priorities with Alpha. Start with a complimentary introductory conversation; the scope of any review is agreed separately.