Consultant/OCIO/Discretionary
The plan expects to issue a general investment consultant RFP on April 15.
The RFP is due to the upcoming contract expiration of its current provider.
The county is seeking an investment consultant to act as an independent reviewer of the $208.5 million plans’ record keeping, administration and investments.
The foundation last conducted an invitation-only search for the services in 2021.
The agency is seeking investment consulting and custodial services for its $476.8 million retirement plans.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
The search is for standard due diligence purposes as the incumbent provider’s contract is expiring.
The savings program opted to retain its incumbent consultant after issuing an RFP in the fourth quarter due to the firm’s impending contract expiration.
The college’s previous discretionary advisor was acquired last year.
The plan made a hire in its non-discretionary hedge fund consultant search earlier this year.