The retirement system’s incumbent executive director will retire on March 31 after nearly 30 years of service, the last decade of which came in her current role.
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.
The city is seeking non-discretionary portfolio management services for its $40 million investment portfolio.
The decision followed finalist interviews with two firms at last month’s board meeting.
The newly integrated division is now one of the largest in the country for institutional advisory services, strengthening retirement, outsourced cio and endowment capabilities across a unified national platform.
The pension fund terminated a pair of underperforming international equity managers last month.
The retirement system committed to the third fund in a series with an existing fund manager.
Virtus Investment Partners has completed the acquisition of a 35% minority interest in Crescent Cove Advisors.
The plan’s initial priority will be to conduct a global core/value equity strategy search to compare with an existing investment manager.
The fund closes above its $1.25 billion target at $1.44 billion.