Searches And Hires
The retirement system will conduct the search due to the expiring contract of its incumbent.
The retirement fund also disclosed commitments totaling $1.1 billion in November.
The state treasurer’s office has launched the search due to the impending contract expiration of its incumbent provider.
The issuance of an intent to award notice is slated for May 1.
The auto-IRA retirement savings program is expected to fully launch in 2027.
The city awarded a contract to an investment advisor last year after issuing an RFP for the services in July.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
The pension board will also target $1 billion to non-traditional equity strategies.
The commitments were made this year under delegated authority.
The retirement plan hired a core-plus fixed-income manager to complement its more conservative incumbent.