WSIB spokeswoman Liz Mendizabal said the board’s Public Market Committee recommended the hiring of:
- State Street
- Barclays Global Investors
- Frank Russell/Goldman Sachs (bid together)
Mendizabal said the committee narrowed down the original seven applicants (See ‘Beast’ of a Transition Manager RFP Comes Due ) to the three finalists and, after hearing oral presentations December 2, decided to recommend the whole group, a recommendation the board is expected to take up at a December 18 session.
The RFP that generated the companies’ bids was considered easily the most exhaustive ever created for transition managers. San Francisco-based Callan Associates, and specifically consultant Bo Abesamis helped manage the RFP process.