Searches And Hires
The pension plan expects to commence the contract on Nov. 19.
The plan made three commitments with existing manager relationships.
The district is seeking a provider for record keeping and administration, investment advisory and trustee services.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The commitments made last quarter totaled nearly $20 million.
The search is required by state statute and the incumbent mid-cap core manager is Davenport Asset Management.
The plan launched a search last year to replace its underperforming incumbent.
The city last conducted a similar search in 2019.
The plan’s internal investment team is also expected to join the firm this year.
The community foundation has hired a discretionary advisor to manage its portfolio following an RFP process.