Searches And Hires
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.
The city previously launched a search in October as the plan has not utilized an investment consultant.
The plan approved the search at its board meeting earlier this week and has a 6% target to global multi-sector fixed-income.
The firm will provide investment consulting services for approximately $80 million to $100 million in operating and capital funds.
The city issued the RFP in April due to the incumbent’s contract expiration.
The plan will consider first-time investments in private equity and private credit strategies.