Consultant/OCIO/Discretionary
The deadline for proposals in a search for a firm to provide investment consulting services has been extended by two days.
The firm has expanded its executive leadership team by promoting three v.p.s to head of client development, head of human resources and office services and general counsel.
The retirement plan’s incumbent consultant firm lost a senior v.p. last month.
The authority is seeking an investment consultant for its over $300 million in retirement plan assets.
The hire concludes an RFQ search launched in September.
The plan has issued an RFP seeking a municipal advisor to provide general advice and counsel to staff as well as guidance on overall industry issues and trends.
The trust fund recently selected a firm to serve as its general investment consultant and help oversee its portfolio following a launched last year.
The incumbent saw its previous general investment consulting relationship transition to an outsourced cio model in 2021.
The retirement system issued an RFI for the services last year and does not currently utilize a dedicated consultant for private markets.
The plan will consider moving forward with a general investment board consultant search at its investment committee meeting this week.