Investment Consultant Services
City of San Diego
Public opportunity summary
The Board is seeking an investment consultant to provide comprehensive investment consulting advice and services for the Plans. Investment consulting services should include, but are not limited to: 1. Assessing investment fund performance against benchmarks and providing written quarterly reports to the Board, including general economic conditions and forecasts of capital markets, interest rates, inflation, and risk and returns for all asset classes; 2. Reviewing the Board’s established Statement of General Investment Policies and Guidelines and recommending revisions as necessary. Preparing “watch list” procedures to be followed for investment funds not meeting expectations as identified through the quarterly performance evaluation; 3. Reviewing the appropriate asset allocation and structure of the Plan funds. Suggesting changes to the investment structure, as needed, to ensure diversified investment portfolio options; 4. Advising the Board on the selection and retention of investment managers. This will involve conducting investment manager searches, helping to negotiate terms of the engagement, providing written guidelines to managers consistent with individual mandates and the Plan Investment Policy, conducting ongoing due diligence and monitoring of investment manager performance; 5. Providing investment education to the Board to ensure the Board is apprised of all pertinent issues, including latest investment trends as well as regulatory updates; and 6. Attending Board meetings held in San Diego to present the information included in the written quarterly performance evaluation reports and to answer the Board’s questions regarding the investment funds and/or administration of the Plans. Participating in pre- Board meetings and preparation meetings with City and Third-Party Administrator staff to discuss agenda items to ensure the Board meetings are effective and efficient. 7. Performing record-keeper search, including drafting and issuing RFP, evaluating proposals and presenting evaluation report to the Trustee Board, and scheduling and facilitating interviews of finalist candidates for selection by the Trustee Board.