Fixed-Income
The city is seeking non-discretionary management services related to its $100+ million investment portfolio.
The deferred compensation plan’s incumbent stable value fund manager will see its contract expire next year.
The board also disclosed a fixed-income manager termination last week.
The retirement system also made a follow-on private equity commitment today.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The deferred compensation plan also hired a new target date fund provider at a meeting today.
The hire follows the creation of a 7.5% target to the asset class earlier this year.
The pension fund has issued a pair of passive core and high-yield fixed-income manager RFPs.
The six firms will handle aggregate assets of $1 billion.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
