Consultant/OCIO/Discretionary
One discretionary advisor sees an imperative need for in-person interaction at foundations and endowments to successfully advance mission-oriented objectives, particularly amid changing board demographics.
The university retained its incumbent discretionary investment advisor following a search launched in the first quarter.
The university hired a new outsourced cio to handle its endowment late last year following an invitation-only search process.
The hire concludes a search that included an RFP and an RFI issued in July and April, respectively.
The firm informed a list of municipal government entity accounts in which the firm would be closing relationships.
The city hired incumbent Fiduciary Consulting Group following a similar RFP process in 2019.
The plan rehired its incumbent consultant in 2018 after a similar search.
The plan also removed a firm from watch status due to improved performance.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.
Two leaders of the outsourced cio practice at an institutional advisory firm are seeing the importance of communicating and building trust in relationships with both clients and staff, particularly as their investment needs evolve.