Searches And Hires
The retirement system replaced its Standard & Poor’s 500 Index Fund manager to cut costs in July.
The plan also made two private markets commitments today.
The consulting firm is conducting the search on behalf of a public fund client.
The authority last conducted a similar search in 2020.
The general employees, police and firefighters pension funds will look to replace an underperforming manager.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.
The plan has four incumbent managers in the two asset classes.
The search is due to underperformance from the retirement plan’s incumbent manager.
The plan began searches for active domestic large-cap, small- to mid-cap and small-cap equity managers in February.
The plan also terminated three managers last week.
