Daily Feed
The county’s negotiations with the previously selected record keeper were terminated.
The plan is seeking a passive global inflation-linked fixed-income manager to handle approximately $850 million.
The pension plan will conduct an invitation to bid to fill its 25% public real return allocation.
The pension plan will liquidate its entire domestic equity roster.
The county issued an RFP in March seeking a firm to provide the services for its $700 million portfolio.
The pension plan terminated its incumbent domestic core-plus fixed-income manager last month due to underperformance.
The searches follow asset class reviews by the plan’s general investment consultant.
The firm recently added a senior client relationship manager to its investor relations group.
The city is seeking up to two firms to provide the services.
Evan LaBarge was acting in the role after the resignation of former Cash Manager Jeffrey Thurston.