Consultant/OCIO/Discretionary
The Chicago-based wealth management and investment advisory firm has agreed to purchase a majority stake in the prominent investment consulting firm.
The search is for services on behalf of the county’s 457(b), 401(a) hybrid and 401(a) defined contribution plans.
The city has issued an RFP seeking plan and investment management consulting services for its retirement plans.
The plan opted to invest its 6% target to emerging markets equity with two active ex-China managers this week.
The plan also appears to have reissued its private markets consultant RFP.
The Texas-based consulting firm has added an industry veteran to its consultant ranks.
The plan issued an RFP in December after its previous outsourced cio was acquired.
The general investment consultant’s oversight responsibilities will include annual evaluations of investment policies and risk levels and quarterly reviews of investment performance and asset allocation mix.
The firm has agreed to acquire an outsourced cio with more than 130 clients representing approximately $45 billion in assets.
The foundation hired an investment consultant to provide non-discretionary services for its portfolio over three other firms after conducting an RFQ and RFP process last year.