Searches And Hires
The retirement system will conduct searches for international small-cap equity, high-yield fixed-income and bank loan managers.
The retirement fund is seeking managers to handle between $150 million and $350 million.
The pension plan and trust selected a new consultant in the third quarter following finalist interviews held at a special board meeting.
The searches are required to comply with state procurement requirements.
The pension plan’s cio recently approved three commitments totaling $350 million.
The plan’s existing general investment consultant will see its contract expire this month.
The plans hired a new consultant after interviewing four finalists last month.
The retirement system added a value-add real estate commitment in February that marks the third in a row with the manager.
The port authority is seeking retirement investment consulting services on behalf of its OPEB trust and defined benefit, deferred compensation and defined contribution plans.
The firm will provide investment consulting services, including advice on new product opportunities.