Searches And Hires
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.
The city has roughly $73 million in investment funds overseen by Valley View Consulting.
The plan named three finalists to replace its current international growth equity manager.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
Plan added a real assets commitment to a prior manager relationship this week.