Searches And Hires
The plan will conduct on-site visits with five firms before presentations and selection slated for its March board meeting.
The plan will hear presentations from three consulting firms, including its incumbent, next month before making a selection.
The search is due to the upcoming contract expiration of its incumbent.
Authority is seeking investment consulting and advisory services for its $1.2 billion in operating and bond portfolio assets.
The fund has reissued its RFP seeking a non-discretionary investment consultant to oversee its trust fund after canceling the search process in the fourth quarter for undisclosed reasons.
The fund approved a real estate commitment in a separate account agreement with an existing manager within its portfolio in the fourth quarter and disclosed infrastructure and energy investments from the first half of 2022.
The institution hired an outsourced cio to oversee its portfolio following a search from last year for standard due diligence and the restructuring of its former investment consultant.
The plan’s incumbent manager was first hired in 2004.
Candidates will be evaluated on firm organization, investment policy development and manager research and performance evaluation, among other considerations.
The university selected its incumbent investment manager over two other finalists in a search launched in the third quarter.