Consultant/OCIO/Discretionary
The plan also terminated an emerging markets equity manager in June.
The plan is looking to establish a roster of investment consultants.
The general employees, police and firefighters pension funds will look to replace an underperforming manager.
The consultant is acquiring an alternatives investment firm that provides solutions including insurance-linked securities, private credit, hedge funds and impact investing.
The plan approved a consultant switch at a board meeting today.
The plan’s board will hear a recommendation to switch to outsourced cio services with a new firm next week.
The trust fund has hired an international small-cap equity manager over two other finalists following a search and rehired its general investment consultant following an RFP from the second quarter.
The retirement fund returns to a previous general investment consultant relationship after changing firms following a similar search process conducted in 2019.
The retirement fund is conducting the search after working with its incumbent “for decades.”
The consultant will provide advice related to investment policies and asset allocation.