The city is seeking a firm to provide discretionary investment advisory services for its $386 million portfolio.
The city conducted a similar search on behalf of four investment portfolios in 2013.
The Wellington Climate Innovation Fund closed with $385 million in commitments.
The new active core mandate will replace the pension’s passive bond allocation.
Firm’s business development team now stands at four members.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
Firm has added its second managing director from Magnolia Capital.
The water district conducted a similar search process for the services on behalf of its short-term liquidity portfolio in 2019.
The manager hired a new senior v.p., portfolio manager and senior research analyst in support of its global and international strategies.
The retirement plan committed $20 million to a fund after narrowing a search from a group of 20 RFP responses.