Consultant/OCIO/Discretionary
The retirement system is also watching a hedge fund manager due to underperformance.
The plan last conducted a similar search in 2020.
Institutional investors increasingly sought comfort and partnerships with investment consultants that provide expertise on alternative and private markets asset classes as 2024 came to a close.
The search is due to the upcoming contract expiration of its incumbent.
The search is being conducted due to the upcoming contract expiration of incumbent CAPTRUST Financial Advisors.
The plan last conducted a general investment consultant RFP process in 2016.
Incumbent discretionary/outsourced cio Wilshire has underperformed for the one- and five-year periods ending Dec. 31.
The institution has launched a search for a discretionary investment manager to handle its pooled investment program following a similar search from 2019.
The plan awarded a contract to its incumbent consultant last week.
The plan is searching for an outsourced cio in an effort to generate higher returns.