Searches And Hires
The new consultant will begin its new five-year contract in February.
The city is seeking investment advisory services on behalf of its short- and medium-term portfolios.
The plan committed to three non-core real estate funds last week.
The agency’s investment portfolio is currently managed in-house.
The pension fund approved the search for a maiden private markets consultant at a board meeting earlier this month.
The retirement system made four private equity commitments for pacing purposes at today’s board meeting.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.
The retirement board has approved a fiscal year 2025 real assets investment plan that discontinued its search for two new open-end core real estate managers.
The plan approved the search following a quarterly performance review.
The plans last issued an RFQ for investment consulting services in 2023.