Investment Consulting and Performance Measurement Services
On March 4, 2019, IMRF requested proposals from investment consulting firms to provide general investment consulting services across all major asset classes, periodic asset liability studies, and performance measurement services to its Board of Trustees and Staff. Responses were due no later than March 26, 2019. 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 August 23, 2019.
After evaluating the responding firms on people, process, philosophy, price, and fit with IMRF, the IMRF Board of Trustees appointed Wilshire Associates as investment consultant, subject to satisfactory legal due diligence.