Searches And Hires
The plan’s current manager was first hired in 2017.
The transit system is seeking the services on behalf of its 457(b) and 401(a) plans.
The search is open to both equity and debt strategies.
The plan is looking to invest $7 million with value-add real estate funds.
The deferred compensation plan hired four fixed-income managers to handle a total of $2.75 billion.
The plan is seeking developed markets equity managers to handle a $50 million allocation.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
A total of three finalists were interviewed at a meeting this week.
The pension plan approved a credit commitment with an existing manager relationship last month.
The plan’s cio and internal investment committee will be authorized to handle manager hires and terminations with some parameters/constraints.