Consultant/OCIO/Discretionary
The university is considering extending the general investment consultant’s contract for an additional one-year period.
The trust last conducted a similar search in 2020.
The plan hired a new firm in its general investment consultant search.
The defined contribution plan has issued an RFP seeking investment consulting services.
The plan most recently renewed its general investment consultant contract in August 2022.
The plan is relaunching the search due to “issues” with its previous RFP.
The plan made a hire last month after issuing an RFP for advisory and investment consulting services in April.
The railway’s board is searching for an investment advisor to help implement a trust fund, which will have an initial $1.6 billion allocation.
The plan’s current consultant was hired in 2016 following a similar search.
Outsourced cio usage is expected to “increase considerably’ over the next two years and nonprofit institutions are expected to adopt the discretionary model at the fastest rates, according to new research.