Consultant/OCIO/Discretionary
The state agency has initiated a search for an investment consultant due to the upcoming contract expirations of its incumbent providers, which are allowed to rebid.
The PFMAM outsourced cio business has about $35 billion in assets under management and has turned to the endowment and foundation space as an area of emphasis.
The treasurer’s office has issued an RFP seeking a general investment consultant for several of its portfolios.
The plan interviewed a total of three finalists in its general investment consultant search.
The plan switched consultants after nearly two decades with its incumbent.
The plan’s investment committee opted to rehire general investment consultant NEPC over finalist Meketa Investment Group following interviews yesterday.
A consulting firm increased the number of diverse managers in institutional client portfolios to 331 in 2023 from 285 in 2022, 270 in 2021 and 190 in 2020.
The university hired a private equity firm as its discretionary advisor last year, outsourcing the management of its endowment.
The selected firm will also be expected to provide investment services related to record keeping and administration.
The university is searching for an outsourced cio provider for its endowment and operating fund portfolios as it is in the process of finalizing a new investment policy statement.