Consultant/OCIO/Discretionary
The retirement system will conduct searches for domestic and global fixed-income and domestic and emerging markets equity managers.
The pension plan reviewed investment advisor proposals from four firms at a meeting last week.
The plans had issued an RFP for the services in the first quarter.
The foundation selected a firm led by a former investment committee chair to serve as its chief investment consultant to oversee the governance and decision-making structure related to its investments.
The county 457 plan retained its incumbent following its last RFP for the services five years ago.
The retirement system last issued a general investment consultant RFP in 2015.
The pension plan issued an RFP in April due to its incumbent’s contract expiration.
One discretionary advisor sees an imperative need for in-person interaction at foundations and endowments to successfully advance mission-oriented objectives, particularly amid changing board demographics.
The university retained its incumbent discretionary investment advisor following a search launched in the first quarter.
The university hired a new outsourced cio to handle its endowment late last year following an invitation-only search process.