Consultant/OCIO/Discretionary
The firm was rehired this week after the plan issued an RFP in March.
The plan made a hire at a special board meeting last month.
The district last conducted a search for the services in 2018.
The foundation issued its RFP seeking an investment consultant to provide non-discretionary services for its portfolio last week after it received submissions from 15 firms during an RFQ process from April.
The pension plan is seeking passive index and transition advisory services as it readies a long-awaited transition out of a larger fund.
The requested services include asset allocation, investment policy and strategy recommendations.
The three finalists to be recommended at this week’s meetings do not include the pension plan’s incumbent consultant.
The plan agreed to extend a relationship with RVK that dates to 2006.
The city’s deferred compensation plan currently has three investment consultants.
The municipality expects to award a contract within 45 calendar days.