Searches And Hires
Funding for the new investment comes from the partial redemption of another hedge fund manager.
The $50 million investment concludes a search for an additional long/short strategy initiated late last year.
The airport board is seeking a consultant to serve a five-year term on behalf of its defined benefit and deferred compensation plans.
City is seeking a pool of investment managers for its accounts that have an aggregate market value of approximately $6.8 billion.
The plan tapped public market credit consultant Mercer earlier this year to conduct the searches.
The plans’ current consultant contract will expire in January.
The county may hire one or more firms in the search.
The retirement system launched the searches last quarter due to contract expirations.
The plan has issued RFPs for an international small-cap equity manager and a general investment consultant.
The plan created a 3% target to multi-asset credit earlier this year.