Searches And Hires
The fund is seeking the services for two local government investment pools totaling approximately $58.4 billion as its incumbent provider’s contract is set to expire at the end of the year.
The county is seeking a firm to provide investment management and advisory services for its endowment fund, including conducting due diligence, selecting investment managers and overseeing asset allocation modeling.
The retirement system approved a contract with a domestic core fixed-income manager last month.
Fifth Third Bank and Nuveen currently provide investment management services for the city.
The retirement fund is conducting the search due to underperformance from its incumbent domestic large-cap value equity manager.
The retirement plan terminated a global macro hedge fund manager in the first quarter.
The retirement system committed to the next fund in a series after its last commitment to the manager in 2022.
The plan hired its current investment consultant following its last search for the services in 2021.
The pension plan has been with its current consultant for over 10 years.
The utilities board has worked with the incumbent provider since 2019.
