Consultant/OCIO/Discretionary
The fund is searching for an investment consultant to assist with investment manager and custodian searches and provide performance reporting and weekly portfolio monitoring.
The city’s current consultant was hired in 2017 following a similar search.
The plan also approved two real assets commitments along with a 2023 pacing plan at last week’s meeting.
The plan concludes a consultant search that began in August.
Plan last conducted a search for the services in 2017.
The elimination will affect three managers that handle a total of more than $1.7 billion.
The search comes as the plan’s initial five-year contract term with its incumbent is slated to expire on May 31.
The contract of the plan’s current consultant expires on March 31.
A California county is seeking investment consulting services on behalf of its defined contribution plans.
The program is seeking consulting services related to design, implementation, administration, procurement, best practices and more.