Consultant/OCIO/Discretionary
The plan selected a new general investment consultant after going out to bid in May.
Foundations and endowments engaging with investment consultants are increasingly looking for their advisors to take on more responsibility across their portfolios and act like an outsourced cio, according to a recent survey.
The trust company has issued an RFP seeking investment consultants for its 11 endowment funds due to the contract expiration of its incumbent provider, which is allowed to rebid.
The plan’s investment committee selected a winner in its private credit consultant search this week.
The plan expects to issue an RFP for a general investment consultant RFP later this month and will interview three finalists in an ongoing international equity search.
The authority is seeking investment advisory services for two plans totaling $13 million.
The general investment consultant was last hired following a similar search process in 2016.
The plan elected to retain its incumbent general investment consultant following finalist interviews held last month as a result of an RFP process.
Plan will continue an ongoing review of potential alternative consulting options at next week’s board meeting.
He is responsible for management of discretionary portfolios and researching capital markets.