Specifications include, but are not limited to: The Investment Committee decided to divide the traditional general investment consultant services into two roles: (1) a “Lead Consultant” who shall have primary responsibility for all services identified in Section F, Sample Agreement, Exhibit A – Scope of Work (“Scope of Work”) and provide all written opinions where appropriate, and (2) a “Co-Consultant” who shall perform a more limited consulting role, as identified in the Scope of Work. Both consultants will perform full duties on an Asset Liability Management Study expected to occur in 2023. Each will outline their experience for the respective scope of services. Both consultants would be expected to attend all Investment Committee meetings and provide research and industry leading ideas to enhance the CalSTRS Defined Benefit and Pension2 investment portfolios. The consultants would not be expected to take the lead on portfolio strategy; the Board has tasked the Chief Investment Officer (CIO) to serve as the lead for strategy and management of the portfolio. The consultants would be expected to work together cordially and professionally, as well as respect each other’s designated role.