Consultant/OCIO/Discretionary
The plan last conducted a similar search in 2018.
The deal is expected to close in late September.
The city hired its incumbent firm following a similar search process conducted in 2017.
The retirement system opted to extend its contract for general investment consulting services to a firm recently hired for plan de-risking services.
The investment division has awarded a contract in its real estate consulting services search launched in January.
The firm has hired a v.p. and consultant to work with institutional and family clients, providing consulting and fiduciary guidance.
The city has issued RFPs seeking investment advisory and record keeping services for its $57.6 million 457 plan.
The retirement board also hired a new private equity advisor at its investment committee meeting today.
The program has opted to extend its general investment consultant contract rather than issue an RFP.