Searches And Hires
The pension fund approved the staff recommended RFP last week.
The pension plan’s outsourced cio recently hired two risk parity managers to replace the incumbent due to underperformance.
The new manager will handle approximately $450 million.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The city last rehired the plans’ general investment consultant in 2016.
The plan’s upcoming search will not include its incumbents.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The pension plan approved three commitments totaling $175 million yesterday.
The plan opted to replace its incumbent at a board meeting yesterday.
