Investment Consulting Services

The WCB Injury Fund portfolio has $2.4 billion in assets managed by six investment management firms. The WCB retains the services of a reputable investment custodian which holds the Injury Fund’s assets in trust and contributes to the reporting, compliance, and transaction handling needs of the fund. WCB’s investment managers use both segregated accounts and pooled investment products to facilitate the Injury Fund’s investment goals.

The Injury Fund’s assets are invested according to the Statement of Investment Policy & Goals (SIP&G). The SIP&G was established by the WCB Board Investment Committee with input from management and an investment consulting firm. Approximately 60% of the fund is held under a balanced fund mandate with one manager and the remainder is managed by specialists.

The WCB recently performed an optimization study of its portfolio and is in the process of aligning to the strategic asset allocation recommended in that study. Proponents should be aware that investment manager searches will be an ongoing effort throughout the lifespan of the service contract.

The services required by WCB include ongoing, generalized investment consulting that supports WCB management and the Board Investment Committee. The Successful Proponent will provide advice and recommendations on investment policy and manager search and selection. WCB will also require annual and quarterly monitoring and reporting of its investment managers

There will be a virtual pre-submission meeting using Microsoft Teams regarding this competition on February 25th, 2025, 2:00PM, CST for any interested proponents.

Please email the RFP Contact set out in section 1.2 of the RFP to request an invitation to the online meeting by February 24th, 2025, 4:00PM CST.