Searches And Hires
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The pension plan expects to commence the contract on Nov. 19.
The plan made three commitments with existing manager relationships.
The district is seeking a provider for record keeping and administration, investment advisory and trustee services.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The commitments made last quarter totaled nearly $20 million.
The search is required by state statute and the incumbent mid-cap core manager is Davenport Asset Management.
The plan launched a search last year to replace its underperforming incumbent.
The city last conducted a similar search in 2019.
The plan’s internal investment team is also expected to join the firm this year.