Consultant/OCIO/Discretionary
The plan hired a new general investment consultant and consolidated its private markets consulting services with another firm following a similar search in 2021.
The plan is seeking private equity, private real estate, private credit, public markets and compliance reporting consulting services.
The plan had been slated to issue its RFP for general investment consulting services this week.
The search is on behalf of the authority’s money purchase pension plan and trust.
The pension plan will issue the RFP in September as its current contract has exceeded five years.
The pension plans received seven submissions in response to a joint RFQ issued in October.
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.
