Global equity manager GQG Partners is entering the private markets with the launch of GQG Private Capital Solutions.
The new outsourced cio will handle the town’s pension and OPEB trust.
The deferred compensation plan will consider replacing its domestic core-plus fixed-income manager this week due to underperformance.
The city is looking for an advisor for its portfolio of approximately $225 million or more.
The plan was slated to interview managers in late 2023 following approval of a new target asset allocation.
The search is being conducted as part of a previously approved investment consultant strategy.
The new executive director will join the plan on May 13 from the Teacher Retirement System of Texas.
Global alternative investment manager Canyon Partners has sold a minority stake.
The manager will handle a portion of the county’s $600 million portfolio.
The plan invested $4.3 million with a new manager in the asset class in the fourth quarter.