Searches And Hires
The fund wrapped up its search for a firm to provide fixed-income investment management services for its portfolio at its May board meeting, selecting a firm over six others based on its fees and past performance.
The community foundation has partnered with local government to invest $200 million in loans and grants for affordable housing projects.
The foundation approved new allocations to private debt, real estate and fixed-income strategies in the first quarter.
The district expects to notify the selected firm of the contract award on June 30.
One of three portfolio managers on the international equity team departed.
The plan added a $7 million secondaries private equity commitment last quarter.
The authority’s RFP for investment management services follows an RFI issued in the fourth quarter.
The commitments include two new relationships for the plan.
The authority is seeking retirement plan consulting and pension administration services on behalf of its 457 and 401(a) plans.
The plan expects to announce an intent to award on June 15.