Searches And Hires
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.
The search is opened to commingled funds, mutual funds or limited partnerships.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The plan is looking to invest $200 million with multiple investment managers.
The retirement system moved away from its active domestic large-cap growth equity manager.
The retirement system added direct lending and core real estate commitments at today’s board meeting.
The city’s three pension plans will each be involved in the search.
The retirement system wrapped up an RFP process initiated in January.
The retirement system has approved a new asset allocation policy that increases its targets to U.S. equity, diversifying strategies and infrastructure.
The search is being conducted due to the upcoming contract expiration of incumbent Innovest Portfolio Solutions.
