Searches And Hires
The restructuring resulted in the termination of two active managers.
The plan now has two high-yield fixed-income managers on watch.
The utility authority is seeking consulting services on behalf of its deferred compensation plan.
The hire concludes a search launched in May due to the city’s procurement policy.
The plan is searching for a manager to handle a portfolio of PBGC Special Financial Assistance assets.
The retirement system is looking for a firm to provide general consulting and alternatives consulting services to its board.
The pension plan selected seven absolute return managers for possible inclusion within its investment lineup and tweaked its asset allocation policy last week.
The city’s current investment advisor was first hired in 2012.
The search is open to separate accounts, commingled funds and mutual funds.
The plan’s new U.S. equity head joins from an investment consultant.