The program will issue an RFP for the services early in the first quarter due to the impending contract expiration of its incumbent consultant, which will be allowed to rebid.
The state treasurer’s office is seeking a record keeper that can provide administration, record keeping and customer services for the program, which was effectively created through legislation in 2021.
The retirement system will conduct a full search for emerging managers-of-managers after reviewing a consultant presentation on available options at today’s meeting.