Consultant/OCIO/Discretionary
The commission is searching for a discretionary manager for its non-pension assets.
The plans selected a firm to provide investment consulting services for its college savings trust fund and prepaid trust fund after issuing an RFP in the second quarter.
The firm scored highest during evaluations among three other responding firms.
The plan will likely issue an RFP next year due to the contract expiration of its incumbent.
The plan is set to conduct searches for domestic large-cap growth equity, mid-cap value equity, private markets and co-investment managers due to expiring contracts.
The plan’s current investment consultant was first hired in 2018.
The museum outsourced the management of its portfolio as part of a standard due diligence process as it reviews significant partnerships.
The trust previously hired Mariner Institutional, then AndCo Consulting, as its investment consultant in 2016.
Plan had been expected to launch a search this year due to the impending contract expiration of its incumbent.
The agency expects to commence a contract on July 1.