Consultant/OCIO/Discretionary
The foundation has issued an RFP seeking a consultant to serve as a partial discretionary advisor to its investment and finance committee and advise on investment policy, asset allocation and investment management.
The healthcare system is currently conducting asset allocation studies for its operating fund and pension plan after receiving an education from its investment consultant on new asset classes including, private equity, private debt and real estate at a November workshop.
The plan made commitments totaling $500 million to three funds and retained its incumbent to advise on its defined contribution plans last week.
Selected consultant will oversee township’s 457(b), 401(a) and retirement health savings plans.
The plan anticipates selections in the non-discretionary and discretionary portions of the search to take place in May and August, respectively.
The plan will consider active core and core-plus fixed-income manager hires in May as a result of a new asset allocation that also eliminated its 2.5% risk parity target yesterday.
The plan rehired its real estate consultant at a board meeting last week.
The plan will hear presentations from three consulting firms, including its incumbent, next month before making a selection.
The search is due to the upcoming contract expiration of its incumbent.
Authority is seeking investment consulting and advisory services for its $1.2 billion in operating and bond portfolio assets.