Searches And Hires
The retirement system made five commitments totaling roughly $218 million last week.
The city’s two retirement systems committed $12 million apiece for pacing purposes.
The plan terminated the firm after closed session deliberations.
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.
The plan’s full board will approve the investment committee’s commitments this week.
The city expects to award a contract in June.
The deferred compensation plan conducted a similar search in 2021.
The state investment management board recently made three private equity commitments.
The search is expected to conclude in the second quarter.