Searches And Hires
The administrator will be responsible for two deferred compensation plans with more than $420 million in assets.
The search is part of the continued buildout of the plan’s crisis risk offset portfolio.
The plan last conducted a similar search in 2018.
The city hired its incumbent firm following a similar search process conducted in 2017.
The retirement system opted to extend its contract for general investment consulting services to a firm recently hired for plan de-risking services.
The retirement system committed to an existing private equity manager relationship in the second quarter.
The retirement system reviewed three potential replacement options for an incumbent manager last quarter.
The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.
The commitments total more than $700 million.