Searches And Hires
The plan could allocate up to $500 million to U.S. or global long-only strategies.
The foundation is conducting the search for standard due diligence purposes and its incumbent advisor is allowed to rebid.
The fund will consider committing additional capital to two new managers within its endowment at its February board meeting.
The city currently works with Meeder Investment Management.
The city is seeking investment advisory services related to its police and fire and employee retirement systems.
The plan is looking to replace its current manager that has “struggled continuously.”
The retirement system made private equity commitments totaling $19 million in January.
The plan also received a private markets pacing plan in January.
The retirement fund will fully redeem its active domestic mid-cap value equity mandate due to underperformance.
The pension plan will be looking to fill a new 4% target to the sub-asset class.