Searches And Hires
The plan is searching for a general investment consultant for its defined contribution retirement program to help with the search, selection, monitoring and reporting of investment vehicles.
The plan’s real estate committee considered two credit commitments totaling $125 million earlier this month.
The plan selected its incumbent consultant after receiving a total of three proposals in a search initiated in January.
The board has issued its RFP seeking an investment consultant to oversee assets across five plans due to the upcoming contract expiration of its incumbent consultant, which is invited to rebid.
The fund approved one-year contract extensions for its general investment consultant and alternatives specialist consultant through 2024 at its board meeting earlier this month.
The plan will hold a second round of finalist interviews in its consultant search next month and committed to an existing private equity manager in February.
The plan terminated its active international value equity manager in December due to underperformance.
The city expects to award a contract on April 20.
The plan’s private markets consultant will present a private debt portfolio update this week.
Plan staff is considering searches in small-cap equity and multi-asset credit searches later in 2023.