Fixed-Income
The pension plans received seven submissions in response to a joint RFQ issued in October.
The plan approved the two manager searches at a board meeting yesterday.
The plan has issued an RFI for active quantitative investment management services.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The authority is seeking a firm to manage its “core $80 million fixed-income bond portfolio.”
The city expects to issue an RFP and evaluate proposals by the plans’ May 7 board meeting.
The retirement system terminated its sole public diversified real assets manager last month.
The credit manager completed its acquisition of the systematic fixed-income manager after acquiring a minority stake in the firm in 2023 that gave the firm the option to acquire control over a multi-year term.
The retirement plan hired a core-plus fixed-income manager to complement its more conservative incumbent.