Searches And Hires
The village received seven proposals in response to an RFP issued in June.
The retirement system is looking to index its international equity portfolio.
The search is being conducted as part of a new fixed-income portfolio structure.
The general investment consultant will serve for an initial one-year term with the option to renew for four additional one-year terms.
The retirement fund also disclosed commitments totaling $1.1 billion in September.
The retirement system will also see its executive director retire on June 30.
The retirement fund approved the addition of an 11% sub-allocation target to a climate transition index in the third quarter.
The university added an investment in an international equity strategy that aims to provide long-term returns in excess of the MSCI EAFE index this quarter.
The selected firm will serve for an initial two-year term beginning March 1.
The retirement system terminated a domestic large-cap core equity manager earlier this month.
