Consultant/OCIO/Discretionary
A managing principal and consultant at the firm will leave in the first quarter after more than two decades of service.
The plan is conducting the search as part of a review of all major contracts.
The search was approved at the retirement association’s board meeting on Wednesday.
The plan last conducted a general investment consultant search in 2018.
The trust recently hired an outsourced cio provider to handle its portfolio as it named a new investment head to oversee top level asset allocation, trade execution and investment strategy.
The plan last conducted a search for services in 2018.
The city is seeking advisory and consulting services for roughly $183 million in total assets.
The pension plan opted to extend its general investment consultant contract for one year while it searches for a new executive director and cio.
The retirement plan expects to issue a consultant RFP on Friday pending approval at this week’s board meeting.
The pension plan has issued a general investment consultant RFP due to an upcoming contract expiration and will launch an active domestic large-cap value equity manager search as part of a portfolio structure review.