Consultant/OCIO/Discretionary
The university has extended its deadline for proposals in its search for a retirement consultant to provide fiduciary governance for its retirement plans to early August from late July.
The plan will issue an RFP for general and alternatives consulting services next week.
City is searching for a firm to oversee its 457(b), 401(a) and retiree health savings plans.
Plans chose a new consultant over two other finalists that included the incumbent firm.
New firm will provide investment consulting services for the plans’ $70 million in assets.
The plan decided to move forward with an RFP for alternatives consultants in the next few months.
The plan is conducting the search for due diligence purposes and has worked with its current consultant since 2002.
The firm’s private equity director has left to join a healthcare-focused investment firm.
The authority is seeking a firm to provide advisory services for its $20 million in retirement plan assets.
Two of the new shareholders joined in April to establish a Chicago office.
