Domestic Equity
The plan will consider replacing a domestic large-cap equity fund on watch status and approving a new asset allocation for its portfolio at its December board meeting.
The retirement system will interview three finalists at its February investment committee meeting.
The pension system hired a new manager after closed session deliberations at a meeting this week.
The retirement system will consider replacing its active domestic mid-cap growth equity manager.
The retirement system also recently added private markets commitments totaling $26 million.
The deferred compensation plan hired a new domestic large-cap core equity manager last week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The manager had been on watch since last December due to underperformance.
The retirement fund placed three underperforming investment managers on watch in September.
The three firms failed to meet the New York City Retirement Systems’ climate expectations, Comptroller Brad Lander says.