Searches And Hires
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.
The plan hired a new domestic large-cap core equity manager to replace its underperforming incumbent.
The plan made a decision in its opportunistic credit search after an RFP process initiated in March.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.
The plan committed to new funds by exiting managers at a meeting last week.
The plan will consider two funds from existing managers.
The city is seeking discretionary investment management services for its OPEB Trust.
Plan will hear presentations from four general investment consultant firms at its meeting next month.
The fund approved a search for domestic large-cap growth index managers at its board meeting last week to review pricing and see what others firms could provide the services as it has been utilizing the same manager since 2006.
The foundation recently revised the target asset allocation for its investment portfolio, shifting it toward domestic and developed market equities at the expense of emerging market stocks, and retained its outsourced cio provider.