Searches And Hires
The program will also invite its domestic mid-cap growth equity manager to present at a future board meeting with the intent of placing the firm on watch due to underperformance.
The city has yet to determine a date for final selection.
The retirement system rehired its incumbent following a similar search in 2018.
The county last conducted a similar RFP in 2020.
The village votes on a recommendation at its Oct. 17 board meeting.
The deferred compensation plan also received proposals from Fiduciary Consulting Group, NFP Retirement, SageView Advisory Group and USI Consulting Group.
The plan first hired the firm in 2018.
A total of three firms were considered in the search.
The plan’s incumbent managers were first hired in 2018.
The retirement system also made several changes to its public equity and real estate portfolios last week.