Searches And Hires
The pension fund concluded its investment consultant search last month.
The board recently approved real estate commitments and increased previously made private equity commitments.
The state deferred compensation fund’s current stable value manager handles $8.3 billion.
The plan committed $20 million to the asset class for pacing purposes.
The pension plan has issued an outsourced cio RFP in anticipation of CIO Randy Baum’s retirement in October.
The plan is seeking investment consulting services due to the impending contract expiration of its incumbent consultant, which was rehired in 2023 following a similar search.
The deferred compensation plan previously conducted a search for the services in 2018.
The retirement fund also terminated a global equity manager-of-managers and made commitments totaling $695.6 million in October.
The city is seeking a firm to review its deferred compensation plans among other responsibilities.
The organization selected the final three managers in its search for debt and equity funds that align with its financial return objectives and impact priorities.