Searches And Hires
Plan hired a firm to provide non-discretionary management of its $70 million portfolio.
Plan is searching for direct lending strategies to handle $20 million.
City is searching for a firm to oversee its $1.8 billion portfolio.
The authority expects to contract an award in July.
The plan reissued its investment consultant RFP after a change in ownership for its existing provider.
City has rehired incumbent firm to oversee its operating and capital funds.
Plan’s first non-core real estate commitment came at a special meeting on Monday.
Search is due to plan’s rotating schedule for bidding out vendor services.
Plan is seeking private lending managers to handle $60 million.
Firm will provide advice for its 401(k) plan and manage the portfolio consistent with its investment policy statement.