Searches And Hires
The plan hired one international equity manager and terminated three others at this week’s board meeting.
Plan added a real assets commitment to a prior manager relationship this week.
The plan made two commitments totaling $315 million today.
The plan has selected four firms for further due diligence and evaluation.
The plan is seeking a manager to handle a $6 million mandate.
The retirement board’s latest search is required by state statute.
The city issued an RFQ in October seeking the services for its $25 million portfolio.
The West Coast pension system closed on private equity and real estate commitments last month.
The plan interviewed a total of five firms at today’s board meeting.
The retirement fund disclosed commitments totaling $850 million in October.