Institutional investors working with investment consulting firm Wilshire said they will be monitoring the announced acquisition of the firm by Marsh, but none pointed to any immediate concerns with the deal.
The city is seeking firms to provide discretionary investment management, policy support, custody coordination, accounting and reporting for its eight investment portfolios totaling more than $100 million.
The institution approved hiring a firm to provide investment consulting and monitoring services for its retirement and deferred compensation plans following a search from this summer.
The mid-Atlantic fund has partnered with an institutional investment advisor and outsourced cio to expand educational access to professional investment reporting and analytics to Historically Black college and university students.