Searches And Hires
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.
The fund has launched a search for investment managers that are raising capital for investment funds that align with its impact areas of diverse entrepreneurship, economic mobility and innovation.
The city has issued an investment consultant RFP for its deferred compensation program, which consists of four plans.