Consultant/OCIO/Discretionary
The search is due to the upcoming Dec. 31 contract expiration of its current provider.
The pension plan’s outsourced cio recently hired two risk parity managers to replace the incumbent due to underperformance.
The city last rehired the plans’ general investment consultant in 2016.
The plan opted to replace its incumbent at a board meeting yesterday.
Historically Black colleges and universities have had to operate without the support and resources made available to their peers traditionally, yet they have persisted in fostering their students and communities.
The institutions are facing new and increased pressure to leverage their endowment investments to ensure continued independence and long-term sustainability, something that is proving to be difficult as HBCU investment returns have lagged their non-HBCU peers for the past three years due to smaller allocations to alternatives and significantly fewer investment management resources, among other factors.
The school has hired an outsourced cio to oversee and manage its portfolio as well as handle portfolio construction, asset allocation, manager due diligence and risk management following a search.
The college is looking to identify a single investment consultant for its portfolio as well as its foundation after conducting a similar search for the services in 2020.
The alumni association affiliated with a Southern university has issued an RFP seeking a discretionary investment advisor for its two funds as it is required to put the services out for bid every five years.
The funds have issued an RFQ seeking firms to provide financial advisory, investment consulting and risk transfer advisory services for its portfolios.
