Consultant/OCIO/Discretionary
The plan’s current consultant is nearing its 10-year term limit.
The foundation selected a firm to help it conduct a search for an outsourced cio to manage its portfolio.
The discretionary advisor has promoted two staff members as partners and five as managing directors as the firm opened its newest U.S. branch in Texas.
The investment consultant will oversee its approximately $2 billion portfolio after approving the RFP process in the fourth quarter.
The search is due to the upcoming contract expiration of incumbent Meketa Investment Group.
The plan’s current consultant will see its contract expire.
The plan is seeking general and private markets consultants for due diligence purposes.
The plan’s policy requires the hire of an outside investment consultant every 10 years to review the program.
The nonprofit government entity is seeking a firm to provide the services for its over $10 billion in operating and tax-exempt assets.
PFM Asset Management currently provides investment advisory services for the trust.
