Consultant/OCIO/Discretionary
The plan is replacing the consultant following a review at last week’s board meeting.
The plan’s board also voted to place a domestic large-cap value manager on watch.
The retirement system currently works with general investment consultant NEPC.
The retirement system hired three firms to provide the services in 2013.
The investment consultant, which is being acquired by an RIA, shared insights on the acquisition process and why it stood out against the field of other institutional investment consultants.
A trust overseeing community and technical colleges in the State of Washington is looking for a consultant to advise on its retirement plans portfolio.
The retirement system rehired its incumbent in 2018 after a similar search.
The investment consultant will provide strategic investment advice and maintain appropriate risk levels for the association’s portfolio, which could grow to $400 million in assets in the next decade.
The retirement system also replaced its domestic small- to mid-cap core equity manager last month.
The search is due to the contract expiration of its incumbent investment consultant.
