Consultant/OCIO/Discretionary
The foundation issued its RFP seeking an investment consultant to provide non-discretionary services for its portfolio last week after it received submissions from 15 firms during an RFQ process from April.
The pension plan is seeking passive index and transition advisory services as it readies a long-awaited transition out of a larger fund.
The requested services include asset allocation, investment policy and strategy recommendations.
The three finalists to be recommended at this week’s meetings do not include the pension plan’s incumbent consultant.
The plan agreed to extend a relationship with RVK that dates to 2006.
The city’s deferred compensation plan currently has three investment consultants.
The municipality expects to award a contract within 45 calendar days.
The plan launched a search earlier in April due to the incumbent’s upcoming contract expiration.
The firm will be tasked with assisting on an upcoming record keeper search.
The plan currently has a delegated investment services relationship with Willis Towers Watson.