Searches And Hires
The city last issued an investment consultant RFP in 2020.
The foundation expects to conduct a search for an investment advisor for its endowment later this year or early next year as its current advisor has struggled to recommend women- and minority-owned or led investment managers.
The plan concluded a domestic large-cap growth equity manager search in the second quarter.
The trust split its domestic large-cap value equity allocation with an additional manager hire last quarter.
The plan’s new private markets allocation will consist of one-third private equity, one-third private debt and one-third real estate/real assets.
MissionSquare Retirement currently provides record keeping and administrative services for the authority’s plans.
The selected general investment consultant will serve from Oct. 1 through Sept. 30, 2024.
The county is looking to hire one or more fixed-income managers to handle $600 million.
The plan approved a recommendation from its audit committee on a new general investment consultant this week.
The plan will issue an RFP seeking managers to enhance returns within its fixed-income portfolio.
