Searches And Hires
The plan will hold a second round of finalist interviews in its consultant search next month and committed to an existing private equity manager in February.
The plan terminated its active international value equity manager in December due to underperformance.
The city expects to award a contract on April 20.
The plan’s private markets consultant will present a private debt portfolio update this week.
Plan staff is considering searches in small-cap equity and multi-asset credit searches later in 2023.
The plan made a selection following finalist presentations held at its February board meeting.
The district is seeking investment management services.
The plan completed a search to fill its maiden domestic mid-cap growth equity allocation this week.
The plan agreed to conduct two domestic equity manager searches to potentially replace existing mandates with the same firm.
The plan added a 3% target to global infrastructure as part of a new asset allocation that was adopted yesterday.