The pension plan hired a new domestic small-cap growth equity manager to replace its incumbent due to underperformance.
The plan hired a veteran investment staffer from the Los Angeles City Employees’ Retirement System.
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The city previously launched a search in October as the plan has not utilized an investment consultant.
The plan approved the search at its board meeting earlier this week and has a 6% target to global multi-sector fixed-income.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The alternative investment firm has added a head of institutional distribution to its team to oversee its sales and marketing efforts.
The plan hired a new domestic large-cap core equity manager to replace its underperforming incumbent.
A look at Black-owned asset managers with more than $1 billion in assets under management.