Searches And Hires
The plan’s general investment consultant recently recommended a review of domestic large-cap value equity managers due to the incumbent’s underperformance.
The board will hire a new private equity manager in October.
The city is seeking investment advisors for two asset pools.
The retirement fund authorized commitments totaling $305 million, including one new relationship.
The six firms will handle aggregate assets of $1 billion.
The commitment satisfies the retirement systems’ 2026 pacing plan for private markets.
The manager hire was recommended as part of a public equity structure analysis.
A university based in a Southern state will consider recommendations from its consultant to invest in private equity and venture strategies.
The university has issued an RFP seeking a retirement plan consultant to assess its retirement programs, modernize offerings and enhance performance to fill an advisory gap left by its record keeper.
The termination comes after the firm was placed on watch for performance reasons in the first quarter.
