Workplace Health, Safety and Compensation Commission, St. John’s, Newfoundland and Labrador, is searching for an outsourced CIO to manage its C$1 billion ($756 million) in assets.
According to the commission’s latest annual report, as of Dec. 31, 2013, two Canadian equity managers handle a combined 30% of assets; two Canadian fixed-income managers run a combined 30% assets; a global equity manager of managers handles 30%; and a Canadian real estate manager, 10%. The names of the managers could not be learned by press time.
The plan was 106% funded as of Dec. 31, 2013, according to the annual report.
Investment consultant Eckler was hired to assist the plan in finding an outsourced CIO.
The RFP is available on the commission’s website. Proposals are due at 4 p.m. Atlantic Daylight Time on Oct. 16.
Interviews are tentatively scheduled for the week of Nov. 30; no date for a selection was listed in the RFP.
Officials at the commission could not be reached for further details.