Consultant/OCIO/Discretionary
The plan is moving to a new investment consultant after a 15-year tenure with its incumbent, as recommended by staff.
The retirement system has worked with its incumbent general investment consultant since 2009.
The city is seeking help with investment performance reviews and fund manager searches.
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.