Searches And Hires
Two state funds on the West Coast have announced finalists as part of a search for investment managers.
The system approved private equity and real assets commitments with existing investment managers within its endowment at its board meeting last month.
The system approved private equity and real assets commitments with existing investment managers within its endowment at its board meeting last month.
The system selected two managers to wrap up its search for firms to provide lead record keeper, investment, administrative and participant services for its more than $5 billion in retirement assets.
The selected firm will serve for an initial one-year term beginning on July 1.
The water district conducted a similar search process for the services on behalf of its short-term liquidity portfolio in 2019.
The city is seeking a firm to manage a portion of its cash portfolio.
The retirement plan committed $20 million to a fund after narrowing a search from a group of 20 RFP responses.
The hires will conclude an RFP process that began in January.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
