Searches And Hires
The city expects to issue an RFP and evaluate proposals by the plans’ May 7 board meeting.
The trust will commit $100 million in total this year.
The plan’s investment consultant will present potential alternative domestic mid-cap equity managers in May.
The fund is seeking a mission-aligned investment advisor to design and manage its first values-driven investment account.
The plan will continue to manage its investments in-house.
The plan’s current domestic equity portfolio includes small- to mid-cap growth and small-cap value mandates.
The retirement system terminated its sole public diversified real assets manager last month.
The retirement system is seeking a firm to handle between $10 million and $15 million.
The retirement system fully redeemed its investment in the manager due to underperformance.
The retirement system hired a firm this week after interviewing three finalists.