Searches And Hires
The fund approved the addition of core fixed-income, international equity and private equity secondaries investments during its board meeting last week and is slated to consider combining two of its ten investment pools later this month.
The city first hired its existing investment manager in 2019.
The retirement system has terminated a global equity manager that it first hired in 2014.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The plan launched two manager searches after approving a new asset allocation last month.
The pension plan will consider approving a private debt manager search and a new 2025 fiscal year asset allocation policy for its four systems this week.
The plan will interview three finalists for a maiden global equity mandate in August.
The pension plan received a recommendation to hire a real estate manager last month.
The pension plan approved three commitments with an existing manager relationship last week.
The plans approved commitments with two existing manager relationships last week.