Searches And Hires
The plan will issue the RFP due to the contract expiration of the incumbent.
The plan selected the firm to handle roughly $9 million following finalist presentations at today’s board meeting.
The plan received an international equity structure review at today’s meeting that calls for a public RFP process.
The plan terminated its emerging markets equity allocation amid a “challenging environment” for the asset class.
Plan added a $3 million credit commitment last month.
The city is seeking a firm to provide discretionary investment advisory services for its $386 million portfolio.
The city conducted a similar search on behalf of four investment portfolios in 2013.
The new active core mandate will replace the pension’s passive bond allocation.
The plan also terminated an active domestic large-cap growth equity manager in December.
The plan’s board would prefer not to conduct an RFP and instead gather data informally.
