Investment Consultant Services

The vendor is required to provide investment consulting advice and services to the plans for their public market’s investments (publicly traded global equities and publicly traded credit and fixed income.)
- Public markets investment manager search, recommendation, and monitoring
•    Assist the officer with investment manager search, recommendation, selection, investment manager guidelines, and benchmark
•    Maintain research for all board” strategies and for apers public market strategies including investment and operational due diligence updated regularly. 
•    Investment strategy not under current coverage, the investment consultant will establish research coverage within a year.
•    Provide recommendations concerning the process for investment manager research, selection, and subsequent due diligence. 
•    Provide on-going monitoring, reporting, and analysis of existing investment managers’ portfolio attributes and characteristics.
•    Provide analysis and semi-annual commentary for public market managers under review. 
•    Provide on-going monitoring and reporting with respect to investment manager’s compliance with investment guidelines and regulations. 
•    Provide access to analytical software and online portals.
- Public markets structural review and portfolio construction
•    Provide ongoing analysis and insights on multi-manager portfolio construction and ongoing attribution analysis and risk management.
- Performance measurement duties
•    Conduct monthly asset value reconciliations between public markets managers and the plans’ custodian bank and coordinate to resolve any material differences.
•    Independently calculate monthly, quarterly, and fiscal year returns for all public markets managers and reconcile with returns reported by the investment managers and the systems’ custodian bank.
•    Provide access to analytical software (or cloud-based equivalents) with details of performance attribution for public market managers.
•    Provide annual fee information for public market managers, including commingled and collective investment trust (CIT) funds, to comply with fee disclosure requirements.
•    Verify investment management and performance incentive fees for public markets managers as needed.
- Training, education, and client relations duties
•    Provide strategic direction and evaluation of investment decisions and their implementation.
•    Provide assistance on special projects, as needed.
•    Respond to inquiries in an appropriate and timely manner.
•    Share firm research, including white papers, investment manager research reports, recommendation lists, and provide access to the investment consultant’s research staff.
•    Report any significant changes in the investment consultant’s organizational structure and staffing in a timely manner.