Searches And Hires
The selected firm will also provide services for the city’s approximately $137.9 million 401(a) and $23.5 million Retirement Health Savings Plans.
The plan will consider three pacing plans at its board meeting this week and recently added a private equity commitment with an existing manager.
The administrator would be responsible for a deferred compensation plan and a health savings plan.
The plan introduced a 5% target to private debt and restructured its U.S. fixed-income and both U.S. and non-U.S. equity portfolios last week.
The plan’s board is slated to approve Wilshire as its new general investment consultant this week.
The plan added two commitments totaling up to $80 million in the first quarter.
The plan made commitments totaling up to $321.4 million this week and was informed of a private equity co-investment.
The plan’s private equity committee received three investment recommendations last week and made two commitments in March.
The commitment appears to represent a new relationship for the plan.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.