The new manager replaces an underperforming incumbent that was also terminated due to organizational concerns.
The retirement system has issued its RFP seeking a U.S. small- to mid-cap equity manager to handle approximately $60 million.
The firm will provide services for the city’s $235 million long-term investment and roughly $22 million debt proceeds portfolios.
The firm raised the fund in a single closing and completed less than five months after its launch.
The plan will review a recommendation to hire a new domestic large-cap value equity manager this week.
A school board in the Southeast is seeking investment management services for its retirement portfolio.
The retirement system has issued an RFP seeking a general investment consultant.
The county did not previously utilize a consultant for its two deferred compensation and health savings account plans.
The retirement system will issue an RFP next week for a U.S. small- to mid-cap equity manager for a $60 million mandate.
Investment consultant Meketa Investment Group conducted 130 total public markets manager searches in 2024.