The search is open to core, core-plus and high-yield bond managers.
The searches are issued due to standard state procurement laws.
The plan does not currently have a dedicated manager for emerging markets equity.
Plan committed to three existing managers at today’s board meeting.
Plan switched domestic small-cap value equity managers in the first quarter.
The two commitments will be funded from the plan’s public equity portfolio.
Search is due to the upcoming contract expiration of its incumbent provider.
The plan’s incumbent provider handles nearly $1 billion.
Search is for one firm to provide investment management services for city’s three retirement plans.
Plan made real estate commitments to two incumbent managers.