Searches And Hires
The incumbent firm has provided the services since 2022 and is invited to rebid.
The city is seeking a firm to handle the day-to-day responsibilities of its investment portfolio.
The agency expects its board to award a contact on or about Dec. 20.
The plan made hires after issuing an RFP in March.
The plan will commit $160 million total to infrastructure through 2029.
The plan rehired its incumbent in 2020 after conducting a similar search.
The plan also recently concluded a liquid credit manager search.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The plan made two commitments for pacing purposes at today’s board meeting.
The search is due to portfolio manager changes and underperformance by the incumbent.
