Consultant/OCIO/Discretionary
The plan currently works with general investment consultant CAPTRUST Financial Advisors.
The city expects to select a firm by July.
The plan currently maintains a pool of pre-qualified firms for general investment consulting services.
The selected firm will service the district’s 457, 401(k) and OPEB funds.
He was part of the firm’s fund sponsor consulting group.
The city received three proposals in response to an RFP issued on behalf of the plan in February.
Aquisition would allow Riverside to expand Townsend’s market position and for Aon to focus on further serving clients through its human capital and risk capital capabilities.
The firm has named its next president to lead its strategy and operations as its current president is set to retire after holding the position since 2006.
The state fund-of-funds has extended the deadline for proposals in its search for an investment consultant, which was launched earlier this year due to the upcoming contract expiration of its incumbent provider.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.