Searches And Hires
The district issued a similar RFP for the services in 2021.
The retirement systems are looking for non-core real estate managers to handle a total of $43 million.
The retirement system also committed more than $1.5 billion to private markets.
The authority currently has core fixed-income mandates with Alaska Permanent Capital Management and Barrow Hanley Global Investors.
The hires follow an RFI issued last month for managers to handle more than $1 billion.
The plan is looking to eliminate the $1 billion portfolio in favor of illiquid credit.
The plan’s previous third-party administrator search resulted in a manager change.
The pension plan also removed its domestic core fixed-income mandate from watch last month.
The city received two proposals in response to an RFP issued in July.
The plan will consider approving an RFP at next week’s investment committee meeting.
