Iowa Board of Regents picks Marquette as new consultant

Iowa Board of Regents, Urbandale, hired Marquette Associates as investment consultant, said Patrice M. Sayre, chief business officer.

The board issued an RFP in August as part of its normal due diligence, Ms. Sayre said at the time. Incumbent consultant Wilshire Associates was a finalist, along with NEPC and Willis Towers Watson.

The board oversees $3 billion in assets for the University of Iowa, Iowa State University and University of Northern Iowa, which includes $550 million in endowment assets.