Consultant/OCIO/Discretionary
The investment consulting firm has acquired a Virginia-based wealth and investment management firm, which has 25 to 30 nonprofit clients in addition to family office, individual and institutional investors as well as financial service firms.
The foundation has rehired its incumbent outsourced cio following an invitation-only RFI process to determine whether it should be put services out for bid.
The search is required per state regulatory requirements.
The commission received two proposals in response to an investment consultant RFP issued in August.
The retirement system eliminated its 6% target to the asset class this week.
The plan named four general investment consultant semifinalists at today’s investment committee meeting.
A veteran within the investment consultant space has started an advisory firm to assist investment managers that offer private markets strategies.
The new consultant will advise the board on asset allocation and provide performance analysis.
The plan has begun a request for services for a consultant.
The current consultant’s contract is set to expire later this year.