Consultant/OCIO/Discretionary
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.
The retirement system will interview two sets of finalists next month.
The plan replaced its outsourced cio at today’s board meeting due to underperformance.
Jeffrey Nasser joined Strategic Investment Group as director of private markets in 2015 and has held a variety of titles at the Arlington, Va.-based outsourced cio, including managing director and deputy cio, before being promoted to co-cio at the start of the year. He took the time to answer five questions, plus a few extra, with FIN News.
The pension fund is scheduled to review a draft RFP at next Thursday’s board meeting.
The retirement system previously did not have consultant coverage for private equity, private debt and private infrastructure.
The Atlanta-based firm will provide outsourced cio search and governance services to nonprofit clients nationally.