Consultant/OCIO/Discretionary
The plan rehired NEPC to provide advisory services at a meeting this week.
The city is seeking help in developing an investment committee and investment policy statement.
The Radnor, Pa.-based discretionary manager focuses as much on advice as manager selection for its nonprofit clients.
Institutions looking into the discretionary investment management should focus on whether outsourced cios are independent, objective and have the necessary market experience.
The pension plan will conduct two manager searches after approving a fiscal year 2024 real assets investment plan.
The plan launched a search late last year due to the contract expiration of its incumbent.
The plan conducted a search earlier this year due to the incumbent’s expiring contract.
The city is seeking the services for several of its retirement plans.
The plan interviewed four finalists at its board meeting this week.
The plan’s current consultant will see its contract expire this year.