Consultant/OCIO/Discretionary
The authority canceled and reissued a search for retirement plan consulting services initiated in July.
The plan previously issued an RFP for the services in October and recently rescinded an award for the contract.
The plan also terminated an emerging markets equity manager in June.
The plan is looking to establish a roster of investment consultants.
The general employees, police and firefighters pension funds will look to replace an underperforming manager.
The consultant is acquiring an alternatives investment firm that provides solutions including insurance-linked securities, private credit, hedge funds and impact investing.
The plan approved a consultant switch at a board meeting today.
The plan’s board will hear a recommendation to switch to outsourced cio services with a new firm next week.
The trust fund has hired an international small-cap equity manager over two other finalists following a search and rehired its general investment consultant following an RFP from the second quarter.