Searches And Hires
The retirement association’s private credit portfolio stood at 6.4% against an 8% target as of Dec. 31.
The city is seeking non-discretionary portfolio management services on behalf of its $1 billion portfolio.
The plan will search for active and passive strategies for a total of up to $1.3 billion.
The pension plan will issue the RFP in September as its current contract has exceeded five years.
The pension plans received seven submissions in response to a joint RFQ issued in October.
The retirement system has worked with its incumbent general investment consultant since 2009.
The plan approved the two manager searches at a board meeting yesterday.
The pension plan made nearly $274 million in total real estate commitments last month.
The retirement association will look to fill out its new international small-cap equity allocation with a hire next quarter.
The institution is searching for a firm to support its board of directors with the identification and selection of new board members that align with its mission and strategic goals.
