Searches And Hires
The city is searching for a firm to administer and provide investment management services for its pension trust.
The pension plan disclosed a private equity commitment made last month at yesterday’s board meeting.
The plan made an up to $50 million commitment to an existing relationship at its meeting last week.
The plan will also issue RFPs for global fixed-income and domestic small-cap core equity managers.
The plan currently has two international small-cap equity managers.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.
The endowment has issued an RFP seeking companies, funds or projects for its new impact investment program.
The plan is searching for an investment consultant to assess its investment, advise on investment policy and provide input and analysis on investment options.
The plan is tentatively scheduled to search for active management in emerging market debt and emerging markets equity next year.
The foundation has extended the deadline for proposals in its search for investment advisory and management services for its endowment and income funds to Dec. 19.