Searches And Hires
The retirement system does not currently utilize an investment consultant.
The real assets consultant will cover non-real estate asset classes such as infrastructure, energy transition and natural resources.
The district last conducted a search for the services in 2023.
The institution retained its general investment consultant, which has been providing the services since 2009, following a search launched in the second quarter.
The plan hired two firms to implement emerging manager programs of up to $400 million each for real estate and real assets.
The village received seven proposals in response to an RFP issued in June.
The retirement system is looking to index its international equity portfolio.
The search is being conducted as part of a new fixed-income portfolio structure.
The general investment consultant will serve for an initial one-year term with the option to renew for four additional one-year terms.
The retirement fund also disclosed commitments totaling $1.1 billion in September.