Searches And Hires
The group has issued an RFP seeking a firm to provide investment management services for up to three of its portfolios in a cost-efficient manner.
The search is due to personnel turnover at the pension fund’s incumbent fixed-income manager.
The city is looking for a consultant for its defined benefit, deferred compensation and operating funds.
The city is seeking portfolio management services for approximately $100 million in operating and capital funds.
The plan added $560 million in recent commitments across private equity, infrastructure and real estate.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
The plans previously worked with Corebridge Financial.
The authority is seeking a firm to manage its $2.2 billion portfolio.
The plans conducted a similar search for the services in 2020.
The pension fund concluded its investment consultant search last month.