Consultant/OCIO/Discretionary
The plans hired a new investment consultant yesterday after issuing an RFP in January.
Endowments and foundations are increasingly turning to outsourced cios with the growth largely driven by smaller institutions, according to new research.
The pension plan is conducting the search as part of a periodic competitive process.
The pension plan’s general investment consultant will see its contract expire next year.
The retirement fund will interview three finalists in its general investment consultant search next week.
The defined contribution plan’s current consultant contract is set to expire.
The plan expects to issue an award notice on July 18.
The association has issued an RFP seeking investment advisors for a newly established permanent endowment fund with an initial investment of $500,000 to $1 million.
The search is being conducted for due diligence purposes.
The extended deadline will allow prospective consulting firms additional time to tailor their proposals after the foundation released responses to questions regarding the RFP process on May 8.