Multi-Asset/Investment Advisor
The university will transition to a new core investment menu in early June for its defined contribution plan, 403(b) plan and student employee retirement plans with a sole administrator handling oversight.
The plan hired a new investment advisor at a meeting earlier this month.
The authority’s RFP for investment management services follows an RFI issued in the fourth quarter.
The fund removed a multi-asset class manager from watch as concerns surrounding organizational changes have subsided, while two firms saw their own watch status extended through February 2024.
The plans are searching for investment advisory, custodial and record keeping services.
The authority is seeking the services for its portfolio valued between $40 million and $50 million.
The city is seeking a firm to provide management and portfolio services for roughly $1.3 billion in assets.
The borough is seeking the services for its two pension plans totaling roughly $11.5 million.
The city rehired its manager to handle its nearly $100 million portfolio.
The plan is seeking a firm to provide the services for its $10 million in assets.