Consultant/OCIO/Discretionary
The plan conducted a similar search in 2020 and hired NEPC.
The plan agreed to assign its alternatives consultant contract to its current general investment consultant last week.
The plan, which did not previously utilize a consultant, selected a firm last month.
The plan also named two semifinalists in its general investment consultant search.
The searches were conducted because the contracts of the incumbents were expiring.
The plans worked with their incumbent since 2009.
The firm formed a private investment company to source, research, deliver and manage private investments for clients and has named one of its partners to head the entity.
The department has issued an RFP seeking investment consultants to assist with vendor searches, review proposed fund lineups and maintain and practice a formal investment review process for its retirement plan.
The plan’s incumbent consultant was first hired in 2015.
The city launched a search in December seeking a firm to assume a fiduciary role in performing consulting services.