Searches And Hires
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The plan interviewed three finalists in a replacement search last week.
The city is seeking the services on behalf of its $22 million in operating and capital funds.
The authority is seeking general investment consulting services on behalf of its union and non-union pension plans.
The plan is hoping to capture more alpha through the manager change.
The plans rehired their general investment consultant today after issuing an RFI for best practices in August.
The selected firm will provide the services for four retirement plans.
The retirement board wrapped up domestic equity, non-U.S. equity and fixed-income searches at its board meeting this week.
The plan added a follow-on commitment to an evergreen fund in which it initially committed $100 million in 2022.
The plan’s current consultant is nearing its 10-year term limit.