Business Details
Trusted Financial Advisers for Institutional Investors
Fund Evaluation Group has been a trusted partner in institutional investment advisory services for over 35 years. Our firm specializes in helping educational, nonprofit, and healthcare organizations build long-term investment programs through tailored solutions including Governance Consulting, Outsourced CIO services, and Values Aligned Investing. Our team of seasoned professionals combines deep industry expertise with proprietary research frameworks to deliver customized portfolio strategies that align with clients' unique missions and risk profiles.We maintain a client-centric culture rooted in transparency, fiduciary responsibility, and continuous innovation in investment management practices. Our commitment to excellence is demonstrated through our rigorous manager due diligence process, dynamic asset allocation strategies, and comprehensive risk management frameworks that serve institutions nationwide.
Services
Governance Consulting
Outsourced CIO
Research Services
Values Aligned Investing
Private Capital
Managed Portfolios
Portfolio Management
Risk Management
Endowment Planning
ESG Integration
Highlights and features
- We offer 35+ years of specialized expertise in institutional investment management
- Our dedicated OCIO team provides comprehensive investment office services
- We implement a proprietary six-tenet framework for manager research and evaluation
- Custom portfolio construction aligns with both financial objectives and organizational values
- Client-centric service model with transparent fee structures and reporting
Services
Governance Consulting
Our Governance Consulting service helps institutional investors develop effective decision-making frameworks. We work with endowments, foundations, and healthcare organizations to create customized governance models that align with their specific needs and investment objectives. Our approach focuses on improving committee effectiveness, clarifying fiduciary responsibilities, and implementing best practices in investment policy development while maintaining alignment with organizational missions.
Outsourced CIO
The Outsourced CIO service provides comprehensive investment management for institutions seeking to delegate portfolio responsibilities. Our team acts as the client's investment office, handling strategic asset allocation, manager selection, risk management, and operational implementation. This service offers access to institutional-quality resources while maintaining alignment with client objectives through customized portfolio construction and ongoing performance monitoring.
Values Aligned Investing
Our Values Aligned Investing service helps organizations align portfolios with their ethical principles and mission objectives. We implement customized frameworks for environmental, social, and governance (ESG) integration across asset classes. The service includes impact measurement, faith-based investing options, and diverse manager selection while maintaining focus on competitive risk-adjusted returns through rigorous due diligence processes.
Managed Portfolios
Managed Portfolios offer diversified investment solutions for financial advisors and institutional clients. Our strategies combine active and passive management across core asset classes with dynamic allocation adjustments. The service provides access to institutional-quality portfolios with varying risk/return profiles, utilizing ETFs and mutual funds while maintaining flexibility for customized implementation based on client-specific objectives.
Research Services
Research Services deliver comprehensive manager due diligence and market analysis for institutional investors. Our proprietary six-tenet evaluation framework assesses investment managers across qualitative and quantitative dimensions. The service includes ongoing monitoring, capital markets research, and customized reporting to support informed investment decisions across traditional and alternative asset classes for both OCIO and consulting clients.
People
Michael Aluise
Senior Vice President, Advisor
CFA and CAIA charterholder with extensive experience in institutional investment advisory services. Specializes in portfolio strategy and client relationship management for nonprofit organizations.
Greg Dowling
Head of Research / Chief Investment Officer
CFA and CAIA charterholder leading investment strategy and research initiatives. Brings decades of experience in manager due diligence and portfolio construction for institutional clients.
J. Alan Lenahan
Chief Executive Officer
CAIA charterholder overseeing firm strategy and operations. Combines leadership experience with deep institutional investment expertise to drive client-focused solutions and organizational growth.
Cheryl Barker
Vice President, Portfolio Management
CFA charterholder specializing in private capital portfolio management. Provides strategic guidance on alternative investment programs for institutional investors.
Jeffrey Weisker
Managing Director
Seasoned investment professional with leadership responsibilities in client service and portfolio management. Focuses on delivering tailored solutions for nonprofit and educational institutions.
Questions
What is your Outsourced CIO service?
Our OCIO service acts as your dedicated investment office, handling strategic asset allocation, manager selection, and portfolio implementation while maintaining alignment with your organization's objectives.
How do you align investments with organizational values?
We implement customized Values Aligned Investing frameworks that integrate environmental, social, and governance factors while maintaining focus on competitive risk-adjusted returns.
What types of institutions do you serve?
We specialize in serving educational institutions, community foundations, healthcare organizations, religious entities, and family offices with tailored investment solutions.
How do you select investment managers?
We use a proprietary six-tenet framework evaluating conviction, consistency, pragmatism, investment culture, risk control, and active return to identify high-quality managers.
What geographic areas do you serve?
While headquartered in Cincinnati, we serve clients nationwide with additional offices in Dallas and Indianapolis, supporting institutions across the United States.
How do you approach risk management?
We employ proprietary risk analysis tools combined with customized portfolio construction techniques to address both investment and operational risks across client portfolios.
