Consultant/OCIO/Discretionary
The retirement fund anticipates final selection and approval in the third quarter.
The plan approved the RFPs last week for best practices and due to the evolution of its portfolio through the addition of private markets.
The plan also hired two global equity managers at a meeting this week.
The nonprofit affiliated with a mid-Atlantic city government has issued an RFP seeking an investment consultant to develop a mission-aligned investment policy and allocate assets.
The plan will interview the two finalists in April.
The principal and financial advisor will retire from the investment consulting firm this summer.
The search is being conducted due to the upcoming June 30 contract expiration of incumbent CAPTRUST Financial Advisors.
The 529 plan is likely conducting the search due to the impending contract expiration of incumbent 529 industry consultant, which was retained in 2023 following a similar search.
The retirement system also hired two value-add real estate managers today.
The city expects to award a contract in June.