Consultant/OCIO/Discretionary
The plan interviewed a total of four consultant finalists today.
A total of five firms submitted proposals to an RFP issued in the fourth quarter.
The retirement fund is seeking general investment consultant services as the result of state statute, which requires they be placed out for bid at least every five years.
The town is seeking a manager to oversee three asset pools totaling $185.1 million.
The plans’ current outsourced cio was first hired in 2019.
The firm will operate under the Mariner Institutional name once the deal is finalized, which is expected in April.
Retirement system is seeking a pool of managers to provide the services.
The plan last issued an RFP for the services in 2016.
The transit agency issued an intent to award notice in its general investment consultant search last week.
The board will issue two consultant RFPs on behalf of its three investment plans this year.