Searches And Hires
The retirement system has issued two RFPs in accordance with state regulatory requirements.
The county rehired its two domestic fixed-income managers to handle a portion of its operating and sales tax portfolios last month.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The farmland manager will handle mandates totaling $28 million for two pension plans.
The retirement system expects to conclude the search at a May 9 board meeting.
The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The retirement system will hear from three international value equity managers at next month’s board meeting.
The plans previously utilized MissionSquare Retirement.
Nonprofits were busy hiring investment consultants and outsourced cios to oversee their portfolios this year including seven that swapped out their incumbent for new relationships and five that handed over their investment management responsibilities to discretionary providers from either an internal team or a general consultant.
The incumbent provider will see its contract with the plans expire in August.