Searches And Hires
The retirement system will also receive private markets pacing schedules this week.
The city maintains an investment portfolio averaging $40 million comprised primarily of certificates of deposit.
The retirement association has concluded an RFP search launched in June.
The current provider will see its contract expire next year.
The authority rehired the incumbent following searches in 2021 and 2015.
The manager will handle the retirement plan’s entire balanced portfolio.
The plan approved two commitments for pacing purposes.
The pension system made its third commitment to private credit this year at today’s board meeting.
A trust fund based in a Western state has added a re-up investment with a private equity growth fund series.
The university is considering replacing an existing ban on securities tied to oil and gas companies within two of its investment portfolios with more flexible environmental and societal impact investment guidelines.