Domestic Equity
The city hired two firms on behalf of its three retirement funds, replacing an underperforming incumbent.
The retirement system placed a domestic small-cap value equity manager on watch last month due to lagging performance.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The plan approved a search last year to complement its existing international equity managers.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The deferred compensation plan has replaced its domestic large-cap core equity manager, which had been on watch due to underperformance.
The plan also named four finalists in its global equity manager search.
The retirement system replaced its Standard & Poor’s 500 Index Fund manager to cut costs in July.
The plan also made two private markets commitments today.
The general employees, police and firefighters pension funds will look to replace an underperforming manager.