Plan invested with two international equity managers and a direct lending manager yesterday.
Plan expects to receive a recommendation in October.
Plan’s hedge fund committee considered terminating a hedge fund manager and adding two commitments last week.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
City prefers to remain with a single provider for its defined contribution plans.
New policy increases the plan’s targets to private assets.
Plan made a real estate debt commitment and increased its existing core real estate investment with an existing manager this week.
Plan selected Siguler Guff & Company over Brooke Private Equity Advisors yesterday.
Plan previously rehired Callan as its general investment consultant in 2017.
The plan is conducting the search in anticipation of its incumbent’s contract expiration.