A California county is seeking investment consulting services on behalf of its defined contribution plans.
Review of broad international equity portfolio will come as plan has kept an eye on the underperformance of an emerging markets equity manager.
New head of client relationships and business development joins from Morgan Stanley Investment Management.
Fund closes with more than $270 million of capital commitments.
The city is seeking investment advisory services on behalf of its 457, 401, Roth IRA and Retirement Health Savings Funds.
Plan will review a proposed commitment next month after its latest board meeting did not have a quorum for a vote.
The plan awarded a contract to a brand new third-party administrative services provider.
Program closes with roughly $1.1 billion committed capital, 20% higher than initial internal targets.
The plan added a $10 million real estate credit commitment at an October board meeting.
Incumbent consultant has been handling the plan’s services on a month-to-month basis since its three-year contract expired during the COVID-19 pandemic.