Searches And Hires
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The retirement system has approximately $159 million allocated to its incumbent managers.
A total of 23 firms submitted proposals to the retirement system’s domestic large-cap core equity manager search.
The advisor will provide services for the county’s $510 million long-term core and $104 million long-term multi-asset class investment portfolios.
The retirement system terminated its incumbent domestic small-cap core equity manager earlier this year.
The pension plan approved an up to $50 million commitment and a private credit pacing plan this week.
The pension plan approved a fiscal year 2026 asset allocation policy for three of its systems at this week’s board meeting.
The pension fund made the decision following a search presentation from its general investment consultant in April.
The hire concludes a shortlist search that resulted from a global equity restructuring last month.
Black-owned and led alternatives firms saw the majority of investment manager search and hire activity as institutional investors continued to focus on private markets, FIN Searches data shows.