Searches And Hires
The city is seeking record keeping services on behalf of its $3.75 million 457(b) retirement plan.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The retirement system expects to issue a general investment consultant RFP later this month.
The public trust fund based is expected to consider new private credit commitments to a direct lending strategy and a special situations strategy at this week’s board meeting.
Creative Planning is assisting with the search.
The district is seeking a firm to provide investment advisory services for its investment portfolio(s).
The retirement system committed to three existing manager relationships and one new manager relationship in the first quarter.
The plan hired a new domestic small-cap equity manager last month, replacing a terminated incumbent manager.
The plan hired a multi-sector credit manager after increasing its target to the asset class last year.