Searches And Hires
The institution has issued an RFP seeking a firm to develop and implement an investment strategy for managing its portfolio.
The commitments include five new relationships for the plan.
The retirement plan expects to decide between two firms at a meeting next month.
The plan has worked with its existing consultant since 2011.
The retirement plan currently has four global equity managers.
Global equity would be a new asset class for the plan.
The plan is looking for a firm to handle up to $20 million.
The plan’s consultant began a fixed-income structure review that trimmed its active roster.
The search is being conducted due to the upcoming contract expiration of incumbent Hyas Group.
The city issued an RFP in October to comply with its procurement policy.