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The city has hired one firm to provide actuarial, administrative, investment advisory and custodial services.
Scott Day joined the $10.8 billion Missouri Local Government Employees Retirement System as its new cio on May 1. He took the time to answer five questions with FIN News.
The plan is also conducting a consultant search for informational purposes.
The district’s board of education will place a $739.8 million bond on the ballot this month.
The firm has closed its fourth credit opportunities fund with $610 million in investable capital.
The plan terminated a manager that has been axed from several other pension funds in recent weeks.
The firm was part of the plan’s local emerging manager composite.
The manager hire concludes a domestic all-cap equity index manager search, which the program launched in March.
The plan is looking to commit $10 million to the asset class for pacing purposes.
The pension plan committed up to $80 million to a new manager relationship.