Searches And Hires
Plan added a $3 million credit commitment last month.
The city is seeking a firm to provide discretionary investment advisory services for its $386 million portfolio.
The city conducted a similar search on behalf of four investment portfolios in 2013.
The new active core mandate will replace the pension’s passive bond allocation.
The plan also terminated an active domestic large-cap growth equity manager in December.
The plan’s board would prefer not to conduct an RFP and instead gather data informally.
The plan initially hired the core real estate manager in November as part of a search that was launched in 2022.
The commitment is part of the retirement system’s annual pacing plan that will target three to four managers.
A university based in the Midwest has rehired an investment manager following a search process.
A state-sponsored endowment based in the South is looking to commit direct lending commitments to one or more managers.