Daily Feed
The plan made four private equity commitments with existing managers this week.
The city concluded its search for a firm to provide the services for its $1 billion investment portfolio.
The city expects to award a contract in October.
Wafra Inc is increasing its shareholding in private investment manager Ardian.
Stephen Weiss has joined Acadian Asset Management as senior v.p. for business development.
The pension plan rehired its incumbent consultant in 2021 following a similar search.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The plan will commit an additional $60 million to private markets this year.
The New York-based authority rehired the firm to provide pension fund investment advisory and trustee services last month.
The firm will provide non-discretionary investment advisory services for the city’s short and long-term investments.
