Searches And Hires
The city is conducting the search due to its incumbent’s expiring contract.
The retirement system also made one full redemption at today’s board meeting.
The search will have a particular focus on European and global funds to increase the pension fund’s exposure outside of the U.S.
The deferred compensation plans currently work with Empower and Nationwide Retirement Solutions.
The retirement system is seeking open-end core real estate managers to handle up to $40 million.
The deferred compensation plan also placed its domestic small-cap value equity manager on watch yesterday.
The retirement association recently made two redemptions for performance reasons.
The retirement plan hired three hedge fund managers in the first quarter.
The current consultant will see its contract expire next June.
The retirement system is searching for two open-end core managers to handle $40 million.
