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The deal marks the first outside investment in Fisher Investments.
The city is searching for a firm to recommend investment management, procedural changes and investment selection and perform trades on behalf of its investment portfolios.
The plan disclosed recent private equity, credit and real estate commitments.
The asset class would be new for the two plans.
The plan has hired a new executive director after the role was vacant for four months.
Sohel Hussain took the reins as v.p. of investments and finance at the Meyer Memorial Trust in October 2023. He took the time to answer five questions with FIN News.
The departure was “surprising and abrupt” and a replacement has not yet been identified.
The plan was slated to approve two active domestic mid-cap equity manager terminations at a meeting this week.
The plan is looking to hire one manager that is benchmarked against the Russell 2500 Index.