National Hockey League Players' Retirement Benefits Plan, New York, hired Graystone Consulting as investment consultant and Horizon Actuarial Services as actuarial consultant for the new Taft-Hartley plan, said Alex Dagg, director of operations at the NHL Players Association in Toronto.
The hirings were the result of “limited” RFPs sent to selected investment consultants and actuaries, Ms. Dagg said.
Ms. Dagg would not say whether any assets had been contributed to the new plan. The Taft-Hartley plan is jointly administered by the NHL and the players union, with contributions to be made by each of the league's 30 teams. The plan's board of trustees will comprise three league representatives and three active NHL players.
Graystone is in the process of creating an investment policy statement for the new plan, created as part of the league's collective bargaining agreement with the NHLPA reached last January.
Ian W. Jones, institutional consulting director at Graystone, said the policy statement is “definitely in its early stages” and no decisions on asset allocation or searches have been made.