Searches And Hires
The commitment to an existing investment manager was made as the fund is underweight its strategic target to the asset class.
The foundation selected a firm led by a former investment committee chair to serve as its chief investment consultant to oversee the governance and decision-making structure related to its investments.
The retirement association’s new general investment consultant began its contract last month.
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The district’s current portfolio totals $55 million in active and interim deposits.
The city is considering an external municipal advisor to handle its $160 million portfolio.
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The pension plan disclosed commitments totaling roughly $778 million in the third quarter.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The plan is searching for domestic and international equity, core fixed-income and core real estate managers.