The plan promoted from within for a director to lead and manage the SISS team.
The three firms failed to meet the New York City Retirement Systems’ climate expectations, Comptroller Brad Lander says.
The retirement trust doubled its allocation to a recently hired real estate manager at its board meeting this week.
The nearly $600 billion plan will eliminate its asset class targets in pursuit of greater flexibility in its investment portfolio.
The plan will invest 2.5% each into value and growth strategies.
The search is to potentially augment or replace existing portfolio allocations.
The ceo of a California county retirement association will retire at the end of March.
The plan tapped a senior member of sister plan CalSTRS for the role.
The plan opted to hire a new general investment consultant after 10 years with its incumbent.