Searches And Hires
The plan placed an emerging markets equity manager on watch for performance reasons.
The current advisor provides discretionary and non-discretionary services.
The plan launched the search last month for pacing purposes.
The plan also approved conducting a search for a non-discretionary private markets consultant.
The plan’s incumbent consultant will see its five-year contract conclude next year.
The plan concluded its real estate and private credit searches in the past two months.
The plan’s incumbent consultant will see its five-year contract conclude next year.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
The pension plan made two commitments with existing manager relationships last month.
PFM Asset Management currently provides investment advisory services for the city’s investment funds.