U.S. Virgin Islands Government Employees' Retirement System, St. Thomas, named eight finalists in the $1.2 billion fund's search for an investment adviser, said Glenville Henderson, investment analyst. The board is currently conducting due diligence on finalists Northpoint Advisors, Fiduciary Investment Solutions, R.V. Kuhns, Smith Barney, GSegal AdvisorsmCallanay, Callan Associates and Segal Advisors.
Plan officials issued an RFP in October for the system's first outside investment adviser in several years. Mr. Henderson said he believes the board of trustees will schedule presentations for the candidates within the next few weeks, and the board will make a selection soon after the presentations.