Consultant/OCIO/Discretionary
The city is also looking to establish a deferred compensation committee.
The plan first began discussing the search in June due to the upcoming contract expiration of its incumbent.
The retirement fund is conducting the search due to state statute.
The current consultant’s contract is slated to expire on June 30.
The plan last conducted a real estate consultant search in 2017.
The plans launched a search in September as they looked for improved investment performance.
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The retirement system concluded its consultant search after relaunching it in September.
The district issued an RFP in May as the plans had not previously utilized an advisor.
The pension plan expects to conclude the search at its June 12 board of investments meeting.