Searches And Hires
The plan will consider active and passive strategies and responses that encompass U.S.-only mandates and products with a global component.
This marks the retirement system’s third search attempt to fill an approximately $1.2 billion expected allocation.
The city is relaunching a search for investment management services after canceling a previous RFP last year.
The plan hired two new managers and retained three at a board meeting this week.
The plan launched a search in February ahead of the March 31 contract expiration of its incumbent.
The pension plan replaced its domestic large-cap value equity manager in the fourth quarter due to underperformance.
The city is seeking record keeping services on behalf of its $3.75 million 457(b) retirement plan.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The retirement system expects to issue a general investment consultant RFP later this month.