Consultant/OCIO/Discretionary
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.
The fund has reissued its RFP seeking a non-discretionary investment consultant to oversee its trust fund after canceling the search process in the fourth quarter for undisclosed reasons.
The Chicago-based investment consulting firm is searching for a ceo as its previous head executive will transition to a new role as chair of the firm.
