Searches And Hires
The trust initially received an education on the strategy in August.
The pension system is also scheduled to review a 2026 pacing plan for private credit at this week’s board meeting.
The nearly $600 billion plan will eliminate its asset class targets in pursuit of greater flexibility in its investment portfolio.
The plan invested $185 million in a fixed-income strategy last month.
The plan is seeking non-discretionary investment consulting services for its more than $500 million alternatives portfolio.
The plan’s investment committee and general investment consultant recommended a manager change following a search presentation earlier in the year.
The retirement fund terminated the manager due to underperformance.
The retirement system will also receive private markets pacing schedules this week.
The city maintains an investment portfolio averaging $40 million comprised primarily of certificates of deposit.
The retirement association has concluded an RFP search launched in June.