Multi-Asset Class Investment Risk Management System Search
On August 8, 2016, IMRF requested proposals for investment risk management systems. Responses were due no later than August 23, 2016. The Quiet Period for this process is the period of time beginning when the RFP was issued and ends when a selection has been made by the IMRF Board of Trustees or the process is declared to be complete. The Quiet Period for this search ended December 16, 2016.
After evaluating the responding firms on organization, system and capabilities, implementation and technology, client service, and fees, the IMRF Board of Trustees selected FactSet, subject to satisfactory legal due diligence.
Should legal due diligence prove unsatisfactory with FactSet, the IMRF Board authorized Staff to select BlackRock Aladdin, subject to satisfactory legal due diligence.