The city is seeking bundled services on behalf of its $305.9 million deferred compensation and $2.1 million defined contribution plans.
The search stems from the previously announced retirement of Executive Director and CIO Cheryl Alston.
Sarah Cole has been appointed as partner and co-head of the Ares Global Capital Solutions team.
The city is seeking investment advisory services on behalf of its $305.9 million portfolio.
The city is seeing discretionary investment management and consulting services on behalf of its approximately $75 million managed portfolio.
The retirement system also wrapped up its first fiscal year as an independent entity by outperforming its benchmark by more than 100 basis points.
The pension plans had been expected to move a portion of a previously terminated U.S. all-cap value equity mandate to the new small-cap value manager.
The agency’s plans hired their first investment consultant following a search process conducted in 2018.
The global alternatives investment firm will acquire the U.S. private credit manager, which as $3 billion in assets under management.
The pension is expanding its emerging manager program into the public equity space after initial investments in alternatives starting in 2022.