Searches And Hires
The pension plan will liquidate its entire domestic equity roster.
The pension plan terminated its incumbent domestic core-plus fixed-income manager last month due to underperformance.
The searches follow asset class reviews by the plan’s general investment consultant.
The city is seeking up to two firms to provide the services.
The plan launched a search for open-ended infrastructure managers in March.
The search is open to core, value and growth non-U.S. equity managers.
The search is open to core, growth and value managers.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The pension plan made private equity commitments with two existing manager relationships and one new manager relationship this week.
The university recently added a new domestic equity manager within its endowment with funding coming from cash and future distributions from managers in the asset class.