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City council approved the hire of the plans’ first investment consultant after receiving five responses to an RFP issued in October.
The plan reissued an investment advisory RFP in September.
Turn/River Capital Fund VI was oversubscribed with $2.5 billion in total commitments.
Marathon Asset Management today announced the final close of its second global opportunistic credit strategy.
The search for each retirement plan is due to state statute requirements.
The firm has closed its fifth and largest dedicated aviation fund.
The commitment represents a new relationship for the city’s three pension plans.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The city is seeking investment manager services for its two investment portfolios.
The plan is conducting the search to comply with state procurement laws.