Office of Hawaiian Affairs, Honolulu, hired Segal RogerscaseyRogerscasey as investment consultant for its roughly $340 million Native Hawaiian Trust Fund, said Raymond Matsuura, an investment manager for the department.
An RFP was issued in March 2015 and reissued in January. The fund did not have an investment consultant at the time.
The NHTF serves as a perpetual trust and provides financial resources for the office’s programs, initiatives and operational expenses. It was established in 1981 to account for OHA’s portion of revenues derived from ceded lands held in public trust, according to the RFP.