Consultant/OCIO/Discretionary
The city is seeking an investment consultant for its two self-insured trust funds.
Bernie Reidy serves as managing director and national endowment and foundations executive and Michael Strauss is a managing director and senior investment strategist at Bank of America Private Bank. Both Reidy and Strauss took the time to answer five questions with FIN News.
The plan will consider hiring two firms to cover general and specialty investment consulting services next week.
The retirement system rehired Meketa Investment Group as its alternatives consultant at its board meeting yesterday.
NEPC has been serving as general consultant since 2009.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The board is seeking a firm to assist with its $1.7 billion investment portfolio.
The firm will provide an analysis of investment assumptions, asset allocation strategy, management structure and performance results to the board in June.
The plan has been expected to launch an RFP for a general investment consultant due to the upcoming contract expiration of its incumbent.
The city is seeking investment advisory services related to its police and fire and employee retirement systems.