The new stable value fixed-income manager replaces the plan’s underperforming incumbent.
The city will vote on a recommendation to hire an investment advisor for its short and long-term investments next month.
The plan voted to consolidate its global equity portfolio to three managers from four at a board meeting today.
The city retained its incumbent firm to provide investment management and advisory services for a $500 million portfolio.
The retirement system is searching for a private equity investment officer to join its team.
The plan voted to consolidate its global equity portfolio to three managers from four at an investment committee meeting today.
The plan terminated a domestic mid-cap core equity manager due to organizational and performance issues.
The city has issued an RFP seeking advisory and consulting services on behalf of its retirement plans.
Jeffrey Boucek, senior v.p. at investment consultant Segal Marco Advisors, will retire next month.
The authority is seeking investment management and custodial/trustee services for its union and non-union pension plans.