Searches And Hires
The retirement system concluded a search to replace its incumbent small-cap growth equity manager.
The firm will provide consulting services for the county’s combined portfolios.
The city is seeking a firm to provide services including comprehensive retirement plan administration and investment expertise and oversight.
The plan will commit a total of $73 million to four asset classes next year.
The deferred compensation plan replaced its underperforming domestic large-cap growth equity manager in the second quarter.
The retirement system extended its contract with general investment consultant Raymond James Financial earlier this year.
The retirement system hired a new international equity manager in the third quarter.
The search is being conducted due to the upcoming contract expiration of incumbent StepStone Group.
The plan also replaced its discretionary private equity and private credit consultant.
The retirement system also approved three commitments totaling up to $90 million yesterday.
