Searches And Hires
The search is part of a periodic review of managers.
The search is due to the upcoming June 30 of the incumbent.
The consultant will assist in conducting a record keeper search for the plan this year.
The plan is seeking objective independent investment and administration advice.
The plan rehired its incumbent domestic large-cap value equity manager following finalist interviews at a special board meeting held today.
The authority has issued an RFP seeking an investment advisor to oversee and manage its operating and other post-employment benefit trust funds.
The foundation opted to retain its incumbent manager for its portfolio following a search from the third quarter as its policy requires the services be put out for bid every six years.
Plan reviewed a search report that proposed three domestic small- to mid-cap value finalists for its $25 million mandate.
The plan’s incumbent consultants had their contracts renewed until early 2024.
The plan is conducting a mid-cap value manager replacement search as its incumbent manager has lost assets and the plan’s assets made above 40% of the investment product.