Consultant/OCIO/Discretionary
The state pension fund approved the hire at today’s board meeting, expanding its existing agreement with its alternatives investment consultant.
The plans expect to evaluate proposals by their Sept. 10 board meeting.
The foundation is considering introducing alternatives investments within its portfolio after hiring a new firm to provide non-discretionary investment consulting services to conclude an RFP process from last year.
Seth Almaliah and John Marco will lead the next era of growth at the investment consulting firm.
The search is being conducted due to incumbent Callan’s upcoming contract expiration.
The board also recently made a private equity commitment.
The termination stems from personnel turnover at the firm.
The consultant will be responsible for a pension fund and an OPEB Trust.
The retirement system retained its incumbent after an RFP process last quarter.
The system expects to issue a general investment consultant RFP tomorrow.
