Consultant/OCIO/Discretionary
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.
The firm has hired a senior investment consultant to work with institutional clients, including foundations, endowments, healthcare organizations and retirement plans.
The college savings plan received just two proposals after issuing an RFP to 98 firms in the first quarter.
The retirement fund issued an RFP last month and previously rehired its incumbent in 2016.
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement plan hired a new consultant for the first time since 2009.
The plans hired a new investment consultant yesterday after issuing an RFP in January.
Endowments and foundations are increasingly turning to outsourced cios with the growth largely driven by smaller institutions, according to new research.
The pension plan is conducting the search as part of a periodic competitive process.
The pension plan’s general investment consultant will see its contract expire next year.