Consultant/OCIO/Discretionary
The district received proposals from four consultants in response to an RFP issued in August.
The plan expects to launch the search in January as its incumbent’s contract is slated to expire on June 30.
The selected firm will replace an incumbent that was terminated earlier this year.
The organization is searching for an investment consultant to assist with strategic investment planning, investment manager due diligence, investment market research, portfolio monitoring and investment performance measurement.
The county has four retirement plans totaling $441 million.
The search comes after the incumbent was hired for a three-year contract in 2019.
The search will be conducted as part of a new policy to review vendor services every five years.
The plan received proposals from six consulting firms.
The municipality previously worked with investment advisor Callan.
Regardless of whether inflation continues to slow or the global economy steers clear of a recession, endowments and foundations should not base portfolio construction on market timing but instead focus on longer-term areas of opportunity like private equity and international equities, according to one consulting firm.
