Searches And Hires
The plan will discuss adding a maiden allocation to private credit.
The retirement system is conducting its first real estate search in over 10 years.
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.