Searches And Hires
The city expects to see council action on a finalist in November.
The pension plan approved a new asset allocation policy that increased its targets to core bonds and international large-cap equity in the second quarter.
The plan is seeking an investment manager to handle its entire balanced portfolio.
The plan hired two multi-asset credit managers at a board meeting today.
The pension plan established a 5% target to the private credit asset class at a meeting this week.
The authority is seeking firms or individuals to provide investment advisory consulting services.
The retirement system will issue an RFP next week for a U.S. small- to mid-cap equity manager for a $60 million mandate.
The hire precedes a likely second manager hire in the asset class within the next year.
The plan will seek one firm to handle domestic large-cap and small-cap and international equity mandates.