Searches And Hires
The plan has selected four firms for further due diligence and evaluation.
The plan is seeking a manager to handle a $6 million mandate.
The retirement board’s latest search is required by state statute.
The city issued an RFQ in October seeking the services for its $25 million portfolio.
The West Coast pension system closed on private equity and real estate commitments last month.
The plan interviewed a total of five firms at today’s board meeting.
The retirement fund disclosed commitments totaling $850 million in October.
The college savings plan launched a search in the third quarter due to the incumbent firm’s impending contract expiration.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan also received a hedge fund search report that includes 22 responses.