The current advisor provides discretionary and non-discretionary services.
The plan also approved conducting a search for a non-discretionary private markets consultant.
The plan’s incumbent consultant will see its five-year contract conclude next year.
The selected consultant will be responsible for fund menu advice and selection and investment manager/mutual fund searches and evaluation, among other responsibilities.
The plan opted to retain its incumbent for an initial five-year term.
The plan rehired its incumbent following a similar search conducted in 2017.
The pension fund concluded a general investment consultant search by selecting its incumbent this week.
The authority is seeking the services on behalf of its defined benefit, 457(b) and 401(a) plans.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.