Searches And Hires
The corporation has issued an RFP seeking firms to provide investment advisory services for its portfolio, which includes unrestricted funds, restricted funds and long-term assets.
The retirement fund disclosed $53 million in recent staff-led commitments.
The retirement plan approved a private infrastructure manager search to handle a potential 4% target allocation in December.
The city is seeking the services related to its two defined benefit pension plans.
The city expects to award a contract at its June 3 city council meeting.
The retirement system also approved two private equity commitments today.
The plan issued an RFP in December for a firm to manage a $350 million mandate.
The firm interviewed two finalists at yesterday’s board meeting.
The city expects to award a contract at the end of May.
The pension plan also made a private equity commitment in November.
