Searches And Hires
The retirement system approved a commercial mortgage-backed securities commitment last month.
The pension plan hired two equity managers and replaced its existing money market manager in the second quarter.
The city last issued an RFP for the services in 2021.
The commitment was made in accordance with a 2024 pacing plan.
The plan committed $70 million total across three funds in the last several months.
The deferred compensation plan replaced its intermediate fixed-income manager in February due to personnel changes.
The pension plan hired a manager to build out its real estate allocation in May.
The retirement system recently launched an RFP for investment consulting services.
The plan also issued its RFP seeking passive fixed-income managers.
The new manager will split the plan’s fixed-income portfolio with its existing core manager.