Searches And Hires
The county is seeking retirement plan consultant and investment advisor services.
The RFP will seek one or more short-duration high-yield fixed-income managers.
The plan will hear a geographically diverse private debt strategy next month.
The investment manager will be tasked with managing $75 million.
The pension system added a new commitment to an existing credit manager relationship last week.
The pension plan hired the firm based on its favorable returns, low fees, diversification and low correlation to existing active core-plus fixed-income manager Loomis, Sayles & Company.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
The plan also named a new manager at a board meeting earlier this year.
The retirement association is looking to add a passive component to its international equity portfolio.
The firm will provide monitoring and evaluation of the plan’s discretionary investment manager.