Consultant/OCIO/Discretionary
The New Jersey city is seeking the services on behalf of its $9 million deferred compensation plan.
The foundation has launched a search for an outsourced cio to oversee its portfolio and revise its investment policy statement.
The foundation has issued an RFP seeking an investment consultant to provide advice and counsel for its assets as it believes best practice is to search for the services periodically.
The foundation conducted a similar search in 2020 that resulted in rehiring its incumbent provider.
The deferred compensation plan’s incumbent general investment consultant scored the highest of six total proposers.
The program is seeking a firm to provide general advice, counsel and recommendations related to investment personnel, investment strategy and investment portfolio, among other areas.
The plan expects to issue the RFP before the end of the month.
The plan is slated to select a shortlist of managers at its investment committee meeting next week.
The plan was slated to hire a consultant at its board meeting last week after launching a search in September.
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