Searches And Hires
The search is due to the upcoming contract expiration of incumbent Hyas Group.
The plan is conducting a search for an investment consultant.
The plan is likely to introduce a 5% allocation to the new strategy.
The RFQ will be reissued “with a revised scope.”
The regional public agency has extended the deadline for submissions in its search for a firm to deposit and invest funds in Federal Deposit Insurance Corporation-insured certificates of deposit, government securities or other fully collateralized assets.
The plan received an education into private credit at its board meeting yesterday and will have further discussions in the fall.
The plan will look to add an open-end fund this year before building out the portfolio with closed-end funds.
The reservation is seeking a fee-only financial advisor to provide a variety of services, including valuation of alternative investments and direct investment opportunities.
The selected firm will provide services to the plan through Oct. 31, 2027.
The plan is seeking a replacement for Allspring Global Investments, which was terminated at the plan’s March 24 retirement commission meeting.