The plan hired two new core-plus fixed-income managers to replace Western Asset Management.
L2 Point Management has closed its inaugural structured equity fund at approximately $312 million.
The city is seeking investment advisory services for its general investment portfolio.
The city has issued an RFP seeking plan and investment management consulting services for its retirement plans.
The plan also appears to have reissued its private markets consultant RFP.
The district previously invested its funds with the state treasurer’s investment fund and local banks.
The city worked with its previously provider for 32 years.
The lawsuit alleges fraudulent share sale and breach of fiduciary duty by the firm.
The plan launched a search in July as its previous manager no longer services municipal clients.
The firm was terminated from an approximately $102 million domestic core-plus fixed-income mandate last month.