Searches And Hires
The retirement system terminated its incumbent international small-cap core equity manager this month due to personnel turnover.
The search stems from a manager termination approved in September.
The city is seeking the services on behalf of its $8 million 457 deferred compensation plan.
The commitments will target the non-coastal regions of the U.S.
The city is seeking an investment consultant for its two self-insured trust funds.
The retirement system made private equity commitments totaling $35 million in January.
The plan’s existing large-cap growth manager had underperformed.
The retirement system is scheduled to select three finalists in its international equity manager search next week.
The pension plan will conduct domestic large-cap and small-cap equity manager searches this year.
The pension plan was notified of two commitments totaling $175 million last week.