Consultant/OCIO/Discretionary
The plan’s investment committee voted today to rehire its incumbent real estate investment consultant.
The search is due to the upcoming contract expiration of its incumbent, which saw its contract extended by a year to allow for the search.
Plan is seeking a consultant to provide services related to diversified strategies and/or hedge fund investing.
The plan is seeking one or more firms to provide non-discretionary consulting services for three asset classes.
The city last issued a general investment consultant RFP for its 401(a) defined contribution and 457(b) deferred compensation plans in 2018.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The plan made an investment consultant hire following interviews with four total finalists.
The plan rehired NEPC as its general investment consultant in April following a search launched in January.
The city previously launched a search in October as the plan has not utilized an investment consultant.
The firm will provide investment consulting services for approximately $80 million to $100 million in operating and capital funds.