July 09, 2024
In the first half of 2024, public plans have been actively seeking the expertise of investment consultants to navigate the ever-evolving financial landscape. Investment consultants play a crucial role in managing and optimizing the investment strategies of public pension funds, endowments, and foundations, ensuring these entities meet their long-term financial goals.
This period saw a flurry of consultant searches and hires across various asset classes and investment needs. From general consultants to specialized roles in alternative investments, hedge funds, private credit, private markets, private equity, real assets, private infrastructure, and real estate, public plans have been diligent in selecting partners that can provide tailored advice and innovative solutions.
Notably, the merger of Mariner Wealth Advisors and AndCo Consulting marked a significant event in the industry. This merger is expected to create a powerhouse in the investment consulting space, combining Mariner's extensive wealth management capabilities with AndCo's strong presence in public plan consulting.
In this article we're giving you a detailed look at the consultant searches and hires in the first half of 2024. By the end of this, you'll have a better understanding of the ongoing efforts of public plans to secure top-tier investment advisory services.
AUM – $460,000,000
Metro Area: Grand Rapids
Consultant Update: Hired Mariner to replace Wilshire
AUM – $130,000,000,000
Metro Area – Albany
Consultant Update: Renewed Callan as general investment consultant
AUM – $5,000,000,000
Metro Area – San Francisco
Consultant Update: Renewed Meketa and Verus as general investment consultant
AUM – $1,000,000,000
Metro Area – Baton Rouge
Consultant Update: Hired Meketa as General Investment Consultant
AUM – $6,300,000,000
Metro Area – San Francisco
Consultant Update: Hired NEPC as General Investment Consultant
AUM – $123,000,000,000
Metro Area – Columbus
Consultant Update: Hired Meketa as General Investment Consultant
AUM – $331,400,000,000
Metro Area – Sacramento
Consultant Update: Renewed Meketa as General Investment Consultant
AUM – $1,700,000,000
Metro Area – Milwaukee
Consultant Update: Renewed Marquette as General Investment Consultant
AUM – $4,000,000,000
Metro Area – Sacramento
Consultant Update: Renewed Meketa as General Investment Consultant
AUM – $677,000,000
Metro Area – Boston
Consultant Update: Renewed NEPC as General Investment Consultant
AUM – $30,000,000,000
Metro Area – Los Angeles
Consultant Update: Renewed RVK as General Investment Consultant
AUM – $275,000,000
Metro Area – Jacksonville
Consultant Update: Hired AndCo as General Investment Consultant
AUM – $300,000,000
Metro Area – Detroit
Consultant Update: Renewed Graystone as General Investment Consultant
AUM – $1,900,000,000
Metro Area – Baltimore
Consultant Update: Renewed Meketa as General Investment Consultant
Public plans that have issued searches for consultants:
City of Hartford Municipal Employees Retirement Fund
Marin County Employees Retirement Association
Taunton Contributory Retirement System
Charlotte Firefighters' Retirement System
City of Austin Employees' Retirement System
Chicago Metropolitan Water Reclamation District Retirement Fund
Seattle City Employees Retirement System
City of Hartford Municipal Employees Retirement Fund
Alaska Retirement Management Board
City of Philadelphia Board of Pensions and Retirement
Broward College Foundation
Weld County Retirement Plan
Employees' Retirement System of Texas
New York City Board of Education Retirement System
Norristown Police Pension Plan
Norristown Firefighters Pension Plan
Illinois Municipal Retirement Fund
Employees' Retirement System of Texas
Employees' Retirement System of Texas
City of Austin Employees' Retirement System
City of Philadelphia Board of Pensions and Retirement
Employees' Retirement System of Texas
Alaska Retirement Management Board
Employees' Retirement System of Texas
Maryland State Retirement & Pension System
Employees' Retirement System of Texas
Washington State Investment Board
Stay on top of these consultant hires and active searches with a demo of Dakota Marketplace today!
Koncheng Moua is the Director of Data Management and Strategy at Dakota.
