FEG Finalist in Two Categories of CIO Magazine's Awards

FEG Investment Advisors (FEG) was named finalist in two categories of the 2019 Industry Innovation Awards by Chief Investment Officer (CIO) magazine.1

FEG was named finalist in the OCIO category and Head of Institutional Investments Nolan Bean, CFA, CAIA, was named finalist in the Consultant of the Year category in a statement released by CIO.

Winner of both categories will be named at a December 12 gala award banquet at the New York Public Library, where members of the asset-owning and managing community will celebrate what CIO refers to as “the very best of institutional investing.”

Finalist OCIO Category

“Since FEG entered the OCIO business in 2003, client demand has driven many firms to enter the space and competition is fierce,” FEG President and CEO Rebecca “Becky” Wood said. “I am proud of the work our OCIO team has done to continually improve our client offerings and results. External recognition by CIO magazine is very validating, as I know the type of experienced professionals they consult to make these nominations.”

“Our clients count on their investments for their operating budgets, capital improvements, and delivering their missions, which many times literally involve changing the world for the better,” FEG Head of OCIO Alan Lenahan, CFA, CAIA, said. “Our OCIO team gets rewarded by the outcomes we deliver to them.

“All the credit goes to our team for continually innovating and seeking to improve our investment platform,” Lenahan said. “The platform has provided clients the expense benefits of scale while also maintaining the flexibility to deliver portfolios customized to each client’s unique situation. 

“We’re proud of how we serve our clients, and I’m humbled by CIO’s recognition,” he said.

Finalist Consultant of the Year Category

“This recognition is an honor, and would not be possible without the support and hard work of the wonderful team around me and colleagues like Michael Aluise and Christina Drake,” Bean said. “Everyone at FEG works hard to make a difference for our clients.”

“I am just as proud to recognize the names of FEG clients on finalist lists in other categories this year,” he said. “Everyone at FEG is fully engaged every day to help improve client outcomes, and CIO’s recognition shows we’re elevating ourselves from the competition in the institutional investment industry.”

Bean is a 15-year veteran of FEG, and sits on the firm’s Leadership Team and Investment Policy Committee. He has previously been named one of the world’s most influential investment consultants of 2016 and 2017 through CIO magazine’s Knowledge Broker award. In 2011, Bean was named Consultant of the Year by Institutional Investor’s Foundation & Money Management.

FEG advises on approximately $65 billion in assets, including approximately $5.1 billion in discretionary AUM.2

About FEG Investment Advisors

Fund Evaluation Group, LLC (FEG) provides investment consulting, portfolio management, and research services to clients nationwide. Established in 1988, the independently-owned firm has approximately $65 billion in total client assets under advisement. FEG services include FEG Consulting, which provides traditional, nondiscretionary investment consulting services to institutions; Portfolio Management, which provides outsourced CIO and discretionary portfolio management services for institutions and financial intermediaries; and FEG Research Services, which provides traditional and alternative strategies’ investment manager research, due diligence and monitoring. For more information, visit

1To read the full article and selection criteria for the award, please visit and Any awards or nominations received by FEG or its personnel are not representative of any client’s experience or FEG’s capabilities as an investment adviser and as such does not indicate any future experience or performance. FEG is not affiliated with the awarding agencies and does not validate the appropriateness of the agencies or its awards.

2As of March 31, 2019. Assets under Advisement (AUA) include discretionary and non-discretionary assets of FEG and its affiliated entities. These assets are typically non-discretionary. Some asset values may not be readily available at the most recent quarter-end; therefore, the previous quarter's values were used for this calculation. The values may be higher or lower, depending on the current market conditions. Of the $65.1 billion in AUA, FEG's total assets under management (AUM) are $6.9 billion, which includes discretionary ($5.1 billion) and non-discretionary AUM ($1.8 billion) 


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