Searches And Hires
The city last issued a general investment consultant RFP for its 401(a) defined contribution and 457(b) deferred compensation plans in 2018.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The city last rehired Chandler Asset Management in 2016.
The plan made an investment consultant hire following interviews with four total finalists.
The investment manager will handle an initial $9 million allocation for the city.
MissionSquare Retirement currently provides administrative and record keeping services for the county’s 457 deferred compensation plan.
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The pension plan hired a manager to implement its maiden 7% target to domestic fixed-income as part of a new asset allocation policy in March.
The plan rehired NEPC as its general investment consultant in April following a search launched in January.