Searches And Hires
A board of regents overseeing public universities based in the Southwest is looking for a firm or firms to advise its retirement plan investments.
A nonprofit library based in the Midwest is looking to select a banking and investment services provider.
The retirement plan will hear from six total firms across core and core-plus strategies in the coming months.
The plan also terminated an international small-cap equity manager for performance reasons.
The retirement plan was notified of five commitments totaling roughly $1 billion last week.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The retirement system received 29 total responses to a fixed-income RFP issued earlier this year.
The pension plan made two credit commitments totaling $60 million in the second quarter.
The retirement system’s current consultant was rehired after a similar RFP process in 2018.
The city expects to see council action on a finalist in November.