Searches And Hires
The retirement system has approximately $159 million allocated to its incumbent managers.
A total of 23 firms submitted proposals to the retirement system’s domestic large-cap core equity manager search.
The advisor will provide services for the county’s $510 million long-term core and $104 million long-term multi-asset class investment portfolios.
The retirement system terminated its incumbent domestic small-cap core equity manager earlier this year.
The pension plan approved an up to $50 million commitment and a private credit pacing plan this week.
The pension plan approved a fiscal year 2026 asset allocation policy for three of its systems at this week’s board meeting.
The pension fund made the decision following a search presentation from its general investment consultant in April.
The hire concludes a shortlist search that resulted from a global equity restructuring last month.
Black-owned and led alternatives firms saw the majority of investment manager search and hire activity as institutional investors continued to focus on private markets, FIN Searches data shows.
The retirement system re-upped with a European credit manager this week.