Greenwich (Conn.) Town Retirement System is searching for a firm to provide outsourced chief investment officer services.
The $618 million pension fund issued an RFP due to the upcoming expiration of current OCIO Neuberger Berman’s contract, said Kenneth L. Berkson, retirement administrator, in an email. The firm is invited to rebid, Mr. Berkson said.
Neuberger Berman has provided the system with OCIO services since 2017. The RFP does not disclose whether the firm is invited to rebid.
As of Nov. 30, the pension fund's actual allocation was 61.4% growth assets, 30.5% defensive assets, and 8.1% real and diversifying assets.
The RFP is available on the town's website. Proposals are due at 11 a.m. EST on Feb. 10. A timeline for a selection was not provided.