Searches And Hires
The new asset allocation also eliminated the plan’s hedge funds portfolio.
The pension fund hired two firms to replace a previously terminated underperforming manager.
The retirement fund received three proposals in response to its fixed-income consultant RFP.
The city expects to commence a new contract on July 1.
The trustees failed to decide on commitments in a non-core real estate search after opposing motions that followed finalist interviews.
The plan’s retirement administrator will also retire this year after 32 years.
The district last conducted a search for services in 2018.
The fund approved a commitment to an existing private equity manager as it is approximately $675 million underweight its target to the asset class.
A university based in a Southern state has launched a search for a retirement plan consultant.
The university retained two firms to provide record keeping and administrative services for its defined contribution plans following a search from 2025.
