Searches And Hires
The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.
The retirement system added the two new asset classes as part of a completed asset allocation study.
The plan’s current consultant has been in place since 2006.
Four international equity managers will vie for approximately $164 million.
The city is seeking an advisor for its $350 million investment portfolio.
The university is exploring the sale of some of its private equity fund interests within its endowment on the secondary market.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
The retirement system’s global growth equity manager had been on watch due to underperformance.
The city concluded a search for investment management and advisory services in February.
The plan concluded its private equity search conducted for pacing purposes.