Consultant/OCIO/Discretionary
The plan last conducted a search nearly a decade ago.
The hire concludes an RFI launched in July.
The plan’s current provider handles $174.5 million of its assets.
The plan launched a search in April seeking non-discretionary full-service general consulting services.
The plan also made several private markets commitments totaling more than $500 million.
The New Jersey city is seeking the services on behalf of its $9 million deferred compensation plan.
The foundation has launched a search for an outsourced cio to oversee its portfolio and revise its investment policy statement.
The foundation has issued an RFP seeking an investment consultant to provide advice and counsel for its assets as it believes best practice is to search for the services periodically.
The foundation conducted a similar search in 2020 that resulted in rehiring its incumbent provider.
The deferred compensation plan’s incumbent general investment consultant scored the highest of six total proposers.
