Searches And Hires
The city is seeking non-discretionary portfolio management services for its $40 million investment portfolio.
The decision followed finalist interviews with two firms at last month’s board meeting.
The pension fund terminated a pair of underperforming international equity managers last month.
The plan will put three mandates out for bid next year.
The retirement system committed to the third fund in a series with an existing fund manager.
The university selected its incumbent investment advisor to conclude an RFP process for an investment advisory firm launched in the third quarter.
The firm has underperformed its benchmark for the quarter as well as the one- and three-year time periods.
The plan interviewed five total private equity firms last quarter.
The deferred compensation plan received one proposal in response to a general investment consultant RFP issued in July.
The firm underperformed in all time periods since inception.