Consultant/OCIO/Discretionary
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.
The college savings plan will conduct searches for both investment consulting and 529 industry consulting services due to the April 2023 contract expirations of its incumbent providers.
The plan made the hire at a board meeting this week after reissuing an RFP for the second time this summer.