Searches And Hires
The pension fund approved the searches at last week’s board meeting.
The firm will manage an initial $150 million allocation for the fund.
The retirement association expects to select a manager in the fourth quarter.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.
The plan will also receive a domestic large-cap growth equity manager search report next week.
The search is being planned to potentially replace an existing manager.
Searches for high-yield fixed-income managers and a general investment consultant were approved at today’s board meeting.
The city is seeking to consolidate to a single bundled services provider from its current four.
The city does not currently utilize an investment advisor for its $455 million in cash and investments.
A state based in the Midwest is preparing an RFP for a program manager for its $4.4 billion college savings program.