Searches And Hires
The fund opted to replace its mid-cap growth investment due to underperformance.
The system issued the RFP as it is looking to offer a competitive retirement plan.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.
The commitments include two new manager relationships for the council.
The plan is looking to invest up to $35 million across the two strategies.
The city will go into negotiation with the top-ranked firm in its investment manager search.
The pool is seeking the services across two bond investment mandates.
The retirement system approved issuing the RFPs last month due to standard state procurement laws.
The retirement system appears to be considering alternatives for an underperforming incumbent.
The plan will look to conclude its private markets consultant search next month.