The commitment is consistent with the pension plan’s goal of adding geographic diversification to its core real estate portfolio.
The retirement system approved the RFP at yesterday’s board meeting.
The team’s new manager has been with Callan since 2008.
The city received five proposals in response to a retirement plan provider RFP issued in September.
The global financial services firm has entered into a definitive agreement to acquire UBS Asset Management’s O’Connor alternatives investment platform.
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.
The retirement system has launched its search for its next executive director.
The retirement system is looking to invest $15 million with a core investment grade manager.
The trust previously rehired its provider in 2019 after a similar RFP process.
The retirement system will launch the search soon for pacing purposes.