Searches And Hires
The plan is set to receive an infrastructure pacing plan at a board meeting tomorrow.
The city is seeking non-discretionary management services related to its $100+ million investment portfolio.
The retirement plan also made a private equity commitment for pacing purposes in the second quarter.
The deferred compensation plan’s incumbent stable value fund manager will see its contract expire next year.
The board also disclosed a fixed-income manager termination last week.
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system also hired a new hedge fund manager in the second quarter.
The plans also replaced a domestic large-cap growth equity manager due to underperformance.
The retirement system will interview the firms in November for $1.3 billion in total mandates.
