Searches And Hires
The fund is seeking a single platform to handle a minimum 3% allocation following search approval at today’s board meeting.
The city is seeking a non-discretionary investment manager for its $100 million investment portfolio.
The plan added $10 million to senior direct lending across two commitments last month after making two similar commitments one month earlier.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The RFP was slated to be issued to comply with standard state procurement laws.
The plan disclosed recent private equity, private credit and real estate commitments.
The search is part of standard state procurement laws.
The city will consider discretionary investment advisors.
The retirement fund adopted the new targets after receiving an asset allocation study at a meeting this week.
The university disclosed follow-on real estate and venture capital commitments made with existing managers within its endowment in the first quarter.