Daily Feed
The pension system will invite three finalists to present at its board meeting in November.
The market managing director previously worked at PNC between November 2010 and December 2012.
The oversubscribed fund surpassed its $875 million target.
Mario Giannini, executive co-chair of private markets firm Hamilton Lane, will retire next year.
The agencies have issued an RFP seeking investment advisory services for a combined portfolio valued at approximately $1.8 billion.
The authority is seeking a firm to provide investment policy review and compliance support, among other services.
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.
The plan also eliminated its target to TIPS as part of an overall asset allocation change.
The city is conducting the search due to its incumbent’s expiring contract.
The retirement system also made one full redemption at today’s board meeting.
