Searches And Hires
The county deferred compensation and defined contribution plans swapped out an incumbent core-plus fixed-income manager under scrutiny from the SEC.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The city received seven proposals in response to an RFP issued in June.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The hire concludes an RFP process that began in May.
The pension fund is seeking U.S. residential real estate managers to handle at least $50 million.
The plan adopted a new target to private equity earlier this year.
The retirement system authorized its cio to terminate several public markets investments last month.
The searches result from a new domestic equity structure.
The plan’s core-plus fixed-income mandate assets have been redistributed to other bond managers.