Consultant/OCIO/Discretionary
The plans’ current consultant was most recently hired in 2020.
The company had been exploring ways to best preserve and maximize its over-funded status.
The city is looking for an investment manager for its deferred compensation plan.
The search is due to the impending contract expiration of the incumbent, which is welcome to rebid.
The plan also issued a private markets consultant earlier this month.
The college saving plan selected an investment consultant to assess its investments, provide input and analysis on investment options and advise on investment policy following the issuance of an RFP in the fourth quarter.
The board also approved rehiring the investment consultant for its deferred compensation plan.
The firm, which provides private markets investments for registered investment advisors and financial intermediaries in the retail market, has added equity owners and several board members.
London joins the firm’s Boston headquarters as well as offices in Atlanta, Charlotte, N.C., Chicago, Las Vegas, Portland, Ore. and San Francisco.
The retirement plan expects to decide between two firms at a meeting next month.