Searches And Hires
The city is conducting the search on behalf of its $17.8 million deferred compensation plans.
The pension plan was notified of two commitments totaling $975 million last week.
The plan’s current advisor will see its contract expire on Sept. 30.
The plan has rehired its incumbent after issuing an RFP in January.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The retirement system also kicked off its asset/liability study this week.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The pension plan has made four equity investments totaling $850 million.
The plan’s current domestic large-cap growth equity manager will see a portfolio manager change.