Searches And Hires
The plan will fund the hires by terminating three existing firms.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
The district launched a similar RFQ for services in 2023.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The hire concludes a search that included an RFP and an RFI issued in July and April, respectively.
The plan approved two commitments as part of its private credit pacing plan at a meeting today.
The plan will also receive an international equity manager search report next month.
The plan made three commitments after interviewing firms in closed session last month.
The city hired incumbent Fiduciary Consulting Group following a similar RFP process in 2019.