The city is seeking non-discretionary services for its short and long-term investments.
The state retirement systems expanded upon an existing real estate manager relationship to establish a new separate account.
The plan’s investment consultant will present potential alternative domestic mid-cap equity managers in May.
The retirement system hired a firm this week after interviewing three finalists.
The pension fund’s investment consultant has downgraded the manager amid management changes.
The auto-IRA retirement savings program is expected to fully launch in 2027.
The city did not previously utilize a firm to manage its approximately $107.2 million in funds.
The plan recently expanded its investment team with the hire of two investment analysts.
Private markets solutions provider P10 has entered into an agreement to acquire Stellus Capital Management.
The borough has issued an RFP seeking investment management advisory services for its $5.5 million pension plans.