Searches And Hires
The retirement plan was notified of five commitments totaling roughly $1 billion last week.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The retirement system received 29 total responses to a fixed-income RFP issued earlier this year.
The pension plan made two credit commitments totaling $60 million in the second quarter.
The retirement system’s current consultant was rehired after a similar RFP process in 2018.
The city expects to see council action on a finalist in November.
The pension plan approved a new asset allocation policy that increased its targets to core bonds and international large-cap equity in the second quarter.
The plan is seeking an investment manager to handle its entire balanced portfolio.
The plan hired two multi-asset credit managers at a board meeting today.
The pension plan established a 5% target to the private credit asset class at a meeting this week.