Searches And Hires
The retirement system is conducting the search ahead of its incumbent’s contract expiration.
The investment program was created this year by state statute.
The retirement system will seek a core fixed-income manager to handle 11% of its fixed-income portfolio.
The city is seeking a firm to provide services for its $33 million investment portfolio.
The commitments were part of a 2026 private equity recommendation from general investment consultant Marquette Associates.
The plan is also expected to reduce positions in U.S. small-cap and explore enhanced indexing as parts of an overall global equity portfolio roadmap discussed last week.
The search is open to general and private markets consultants.
The plan last rehired its consultant following an RFP search process in 2020.
The retirement trust doubled its allocation to a recently hired real estate manager at its board meeting this week.
The search will seek an integrated consultant for performance and benchmarking measurement.