Consultant/OCIO/Discretionary
The retirement system hired two firms to manage its 51% private markets portfolio.
The plan’s current real assets consultant will see its contract expire this year.
The retirement system is searching for a firm to conduct a one-time asset allocation review.
The retirement board last rehired its incumbent following its last search in 2018.
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.
The firm has hired a senior investment consultant to work with institutional clients, including foundations, endowments, healthcare organizations and retirement plans.
The college savings plan received just two proposals after issuing an RFP to 98 firms in the first quarter.
The retirement fund issued an RFP last month and previously rehired its incumbent in 2016.
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement plan hired a new consultant for the first time since 2009.