Consultant/OCIO/Discretionary
The agency is seeking investment consulting and custodial services for its $476.8 million retirement plans.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
The search is for standard due diligence purposes as the incumbent provider’s contract is expiring.
The savings program opted to retain its incumbent consultant after issuing an RFP in the fourth quarter due to the firm’s impending contract expiration.
The college’s previous discretionary advisor was acquired last year.
The plan made a hire in its non-discretionary hedge fund consultant search earlier this year.
The retirement system is seeking firms to provide private equity and private real return consulting services.
Four total firms were considered in the investment consultant search.
The plan rehired its general investment consultant and hired a new firm for a separate specialty consultant services mandate.
The town has three pension plans with $17 million in total assets.