Consultant/OCIO/Discretionary
The plan launched a search last year ahead of its incumbent’s contract expiration.
The RFP is open to general investment, private equity, private credit, real assets and real estate consulting services.
The health system is seeking consulting firms to perform a comprehensive evaluation of its investment practices, including analysis of current policies, procedures and performance outcomes, as well as performance.
The plan’s executive director also resigned last month.
The plan added three new contracts and retained others for investment consulting services.
The plan is replacing the consultant following a review at last week’s board meeting.
The plan’s board also voted to place a domestic large-cap value manager on watch.
The retirement system currently works with general investment consultant NEPC.
The retirement system hired three firms to provide the services in 2013.
The investment consultant, which is being acquired by an RIA, shared insights on the acquisition process and why it stood out against the field of other institutional investment consultants.
