Searches And Hires
The plan is seeking one or more managers to handle a portion of its short-duration pool.
The pension plan is seeking a firm to handle a mandate ranging between $400 million and $1 billion.
The contract of the city’s current investment advisor is set to expire.
The city expects to commence a contract on Nov. 1.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.
The plan hired a new domestic large-cap core equity manager to replace its underperforming incumbent.
The plan made a decision in its opportunistic credit search after an RFP process initiated in March.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.
The plan committed to new funds by exiting managers at a meeting last week.
The plan will consider two funds from existing managers.