Consultant/OCIO/Discretionary
The RFQ will be reissued “with a revised scope.”
The plan has once again reissued its RFP for private markets investment consulting services due to the contract expiration of its incumbent.
The plan made a change in domestic large-cap growth equity managers last quarter.
Consultant relations work has become a challenge in a hybrid work environment.
The plan is seeking an investment consultant to oversee and advise on its trust fund due to the contract expiration of its incumbent provider, which is allowed to rebid.
The hire concludes a search for investment advisory services launched in May.
The plans, which have $420 million in combined assets, are searching for an investment advisor.
The plan opted to hire a new consultant at a meeting this week, replacing its incumbent.
The township found it wasn’t receiving the best service from its incumbent.
Plan retained a consultant last month after interviewing all seven respondents to the RFP in May.