Multi-Asset/Investment Advisor
The plan is seeking investment management services for operating funds that could run between $215 million and $230 million.
The city made the hire at a December council meeting after issuing an RFP in July.
The plan is seeking the services for its investment portfolios totaling approximately $58 million.
The search is part of a periodic review of managers.
The authority has issued an RFP seeking an investment advisor to oversee and manage its operating and other post-employment benefit trust funds.
The foundation opted to retain its incumbent manager for its portfolio following a search from the third quarter as its policy requires the services be put out for bid every six years.
The plan hired a new investment advisor this month to replace its incumbent provider following a search from last year due to the incumbent’s impending contract expiration.
The search follows the district recently selling all $350 million of a bond approved by voters in November 2021.
The city is looking for a firm to assist with investing funds.
The foundation opted to retain its incumbent investment advisor over three other finalists in a search from the third quarter.