Searches And Hires
The retirement system made a change in emerging markets equity managers in May.
The two managers were placed on watch for performance reasons.
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The city issued an RFP in April due to its incumbent’s pending contract expiration.
The commitments include two new manager relationships.
The commitment was made in accordance with its pacing plan for the asset class.
The retirement system is seeking firms to handle a total allocation up to $1.2 billion.
The change follows an RFP process that began in April.
The plan is looking to consolidate its consulting services into two contracts.
The foundation rehired its incumbent investment advisor over three other finalists after reviewing 21 proposals to an RFP issued last year for standard due diligence purposes.