Specifications include, but are not limited to: assist the Fund in determining the strategic asset allocation, implementing the investment plan, identifying investment opportunities, monitoring and managing the risk of the overall Fund, educating its Commissioners and monitoring and reporting its progress. ; Advise on the development, implementation and/or revision of investment policies and guidelines for the overall Fund, the private real estate allocation, the private energy / infrastructure allocation, and the hedge fund or other alternative investments allocation. Provide annual capital markets and asset allocation reviews and recommendations, including annual reports of general economic conditions and forecasts of interest rates, inflation, and risk and returns for all asset classes. Advise on portfolio structure (e.g.: active vs. passive, investment style mix). Provide risk management at the overall Fund level. Provide manager attribution analysis for the Fund and identify areas of strength / weakness in the target asset allocation. Analyze and advise on the capabilities of public equity and fixed income investment managers including full due diligence reports for manager searches. In conjunction with the Fund’s staff, periodically review the performance of investment managers through various methods, including interviews and on-site visits. Provide research and reports on various investment topics, and provide educational presentations to the Commissioners or Staff as requested. Conduct and/or assist in manager searches and selections within the public markets asset classes. Perform monthly, quarterly and annual performance reporting and analysis by manager, asset class, and total fund. Provide peer universe comparisons at the asset class and total fund levels, and provide quarterly reports on the findings.