Consultant/OCIO/Discretionary
The firm hired an industry veteran to serve as senior v.p. to lead its outsourced cio practice, implement best practices and expand business development.
The plan’s board is slated to approve Wilshire as its new general investment consultant this week.
Plan’s investment and operations committee will recommend one finalist to the full board later this month.
The investment consultant will advise on the county’s deferred compensation plan and OPEB plan.
The plan expects to select a general investment consultant in November.
The firm has $40.4 billion of $1.4 trillion in client assets invested with diverse managers.
The search comes as the incumbent’s contract is set to expire at the end of the year.
The plan is seeking a firm to provide investment advice and evaluate investment options.
The plan is conducting the search as part of a due diligence process and the incumbent was last rehired in 2010.
The association has issued an RFP seeking an investment consultant to advise on its approximately $225 million in investments across 12 sub funds for standard due diligence purposes.