Consultant/OCIO/Discretionary
The retirement system also retained its three core fixed-income managers last week.
The retirement system also replaced two underperforming equity managers in the second quarter.
The plan is expected to issue the RFP ahead of its incumbent’s expiring contract.
The plan’s current alternatives consultant was first hired in 2017.
The retirement system received proposals from five firms following an RFP issued in January.
Expected services include investment consulting, plan administration and participant education.
The plans expect to issue an award notice on Dec. 19.
The plan most recently rehired its incumbent in 2019.
The hire concludes an RFP process that began in January.
The foundation issued an RFP in the fourth quarter of 2024 as it sought a discretionary firm that could help align its investments with its mission.