Searches And Hires
The retirement system also hired three firms in its diversifying strategies manager searches yesterday.
The new asset allocation also eliminated the plan’s hedge funds portfolio.
The pension fund hired two firms to replace a previously terminated underperforming manager.
The retirement fund received three proposals in response to its fixed-income consultant RFP.
The city expects to commence a new contract on July 1.
The trustees failed to decide on commitments in a non-core real estate search after opposing motions that followed finalist interviews.
The plan’s retirement administrator will also retire this year after 32 years.
The district last conducted a search for services in 2018.
The fund approved a commitment to an existing private equity manager as it is approximately $675 million underweight its target to the asset class.
A university based in a Southern state has launched a search for a retirement plan consultant.
