Searches And Hires
The city is seeking an investment consultant for its two self-insured trust funds.
The retirement system made private equity commitments totaling $35 million in January.
The plan’s existing large-cap growth manager had underperformed.
The retirement system is scheduled to select three finalists in its international equity manager search next week.
The pension plan will conduct domestic large-cap and small-cap equity manager searches this year.
The pension plan was notified of two commitments totaling $175 million last week.
The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.
The pension plan also expects to launch its executive director search next week.
The hire followed a consultant search report and finalist presentations held last month.
The institution will consider financing agreements up to a total of more than 10% of the assets under management of two nascent companies created at the institution.