First Half of 2024 Investment Consultant Searches & Hires

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.

1H 2024 Investment Consultant Hires

City of Grand Rapids General Retirement System

AUM – $460,000,000

Metro Area: Grand Rapids

Consultant Update: Hired Mariner to replace Wilshire

New York State Teachers’ Retirement System

AUM – $130,000,000,000

Metro Area – Albany

Consultant Update: Renewed Callan as general investment consultant

City of San Jose Police and Fire Department Retirement

AUM – $5,000,000,000

Metro Area – San Francisco

Consultant Update: Renewed Meketa and Verus as general investment consultant

Louisiana State Police Retirement System

AUM – $1,000,000,000

Metro Area – Baton Rouge

Consultant Update: Hired Meketa as General Investment Consultant

Fresno County Employees’ Retirement Association

AUM – $6,300,000,000

Metro Area – San Francisco

Consultant Update: Hired NEPC as General Investment Consultant

Ohio Public Employees’ Retirement System 

AUM – $123,000,000,000

Metro Area – Columbus

Consultant Update: Hired Meketa as General Investment Consultant

California State Teachers’ Retirement System

AUM – $331,400,000,000

Metro Area – Sacramento

Consultant Update: Renewed Meketa as General Investment Consultant

Employees Retirement System of Milwaukee County

AUM – $1,700,000,000

Metro Area – Milwaukee

Consultant Update: Renewed Marquette as General Investment Consultant

San Joaquin County Employees Retirement Association

AUM – $4,000,000,000

Metro Area – Sacramento

Consultant Update: Renewed Meketa as General Investment Consultant

Massachusetts Water Resources Authority Retirement System

AUM – $677,000,000

Metro Area – Boston

Consultant Update: Renewed NEPC as General Investment Consultant

Los Angeles Fire & Police Pension System 

AUM – $30,000,000,000

Metro Area – Los Angeles

Consultant Update: Renewed RVK as General Investment Consultant

Gainesville Police & Fire Pension Plan

AUM – $275,000,000

Metro Area – Jacksonville

Consultant Update: Hired AndCo as General Investment Consultant

City of Dearborn – Police & Fire Revised Retirement System

AUM – $300,000,000

Metro Area – Detroit

Consultant Update: Renewed Graystone as General Investment Consultant

City of Baltimore Employees Retirement System

AUM – $1,900,000,000

Metro Area – Baltimore

Consultant Update: Renewed Meketa as General Investment Consultant

1H 2024 Consultant Searches

Public plans that have issued searches for consultants:

Alternative Investment Consultant

City of Hartford Municipal Employees Retirement Fund

General Consultant

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

Hedge Fund Consultant

Employees' Retirement System of Texas

Private Credit Consultant

Employees' Retirement System of Texas

Private Markets Consultant

City of Austin Employees' Retirement System

City of Philadelphia Board of Pensions and Retirement

Private Equity Consultant

Employees' Retirement System of Texas

Real Assets Consultant

Alaska Retirement Management Board

Private Infrastructure Consultant

Employees' Retirement System of Texas

Real Estate Consultant

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 free trial of Dakota Marketplace today!

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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