The retirement fund terminated an international equity manager due to underperformance as well as to reduce fees.
The authority has issued an RFP seeking investment advisory and consulting services.
The position will assist the fund’s cio in overseeing its investment portfolios.
Nomura Asset Management International has appointed Linda Galsim as global head of product.
The county is looking to transition to a single record keeper for its 457 (b) and 401(a) plans with $30 million in assets.
The district is seeking investment management and advisory services for its roughly $88.6 million investment portfolio.
The plan extended the contract with its incumbent retirement plan provider that has been working with the fund since 1979.
The pension fund’s consultant will conduct onsite visits with six evergreen private credit managers in the coming months.
The commission issued a similar RFP in 2018 as part of a periodic review.
The firm had a first close of its inaugural private credit strategy.