MOSERS Releases RFP for Public Markets Consultant, Plans to Issue Another RFP for Private Markets

The Missouri State Employees’ Retirement System(MOSERS), located in Jefferson City, Missouri, is seeking proposals from investment consulting firms in its search for a specialty consultant for public markets (SC-PM), according to an October 4 announcement on its website. The SC-PM will assist Seth Kelly, chief investment officer (CIO), Shannon Davidson, deputy CIO, and the rest …

Plan Sponsors’ Downward Pressure on AM Fees May Come at a Cost

The much discussed push by institutional investors to reduce their asset management costs, which has taken hold in earnest since the financial crisis, is now bringing a new question to the fore: will lower fees lead to lower-quality asset management services and to the insolvency of asset managers, some of whom will be forced to …

No Place Yet for Cryptocurrency in Institutional Portfolios

Most market practitioners agree that institutional investors, in general, have still not yet warmed up to cryptocurrencies due in part to the lack of regulation governing the new class and volatility in the asset class. Yet, change could be on the horizon. “There are a whole series of specialist investment possibilities that investors could consider, and …

MOSERS Board to New Consultant: “Show Me”

The Missouri State Employees’ Retirement System (MOSERS) has hired Verus Investments as a Board Investment Consultant (BIC) to provide investment advisory and oversight services directly to its Board of Trustees. MOSERS has asked the BIC to present a proposed asset allocation/policy portfolio to the fund’s investment committee, which the fund says Verus has done. According …

Verus Advances Ball on Emerging Manager, ESG initiative

Verus Investments, which last year kicked-off an effort to include more emerging and environmental, social and governance (ESG) managers on its approved-manager  list, is bringing  more thought to how it assists clients in identifying emerging managers and implementing their ESG mission-related initiatives, according to Eileen Neill, a managing director and senior consultant with the firm. …