The hospital system is seeking an investment advisor to assist in formulating objectives and drafting written policies for selecting investment options, while serving as a co-fiduciary for its defined contribution plan.
The city will award a contract by Oct. 15.
The county’s new investment manager will replace incumbent Sterling Capital Management.
The city is seeking a firm to establish and oversee a Section 115 trust.
The system completed a similar search for the services in 2019.
The fund is seeking an investment advisor to invest and oversee its land trust fund, which is currently managed by a state-owned corporation.
The city last rehired Chandler Asset Management in 2016.
The investment manager will handle an initial $9 million allocation for the city.
The advisor will assist with investing city funds.
The city issued the RFP in April due to the incumbent’s contract expiration.