Searches And Hires
City manager and council approval of a selected firm are scheduled for Aug. 10.
The retirement system also hired two managers in its emerging markets equity search.
The retirement system added commitments to one new and one existing manager relationship last week.
The plan also terminated an active global equity manager last month.
The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The pension fund approved the search for one or two managers last week.
The retirement system moved to a new general investment consultant in the first quarter after cutting ties with its incumbent after roughly 15 years.
The retirement system is also slated to vote on its general investment consultant search next month.
The plan will seek one or two managers to handle a total commitment of $450 million.
The plan interviewed three firms for a $7.5 million mandate.