Investors - AUGUST 18, 2016

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Minnesota seeks general investment consultant

by Zoe Wolff

The $82.3 billion Minnesota State Board of Investment is searching for a general investment consultant.

The consultant’s duties will include investment strategy, manager selection, performance evaluation and more, according to the RFP, which is available on the board’s website. Proposals are due Sept. 9, and a decision date has not yet been set.

The investment board’s current consultant, Callan Associates, is reaching the end of its five-year contract and is invited to rebid. The contract will be for five years, beginning July 1, 2017.

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