Daily Feed
The city currently works with Meeder Investment Management.
The plan has been expected to launch an RFP for a general investment consultant due to the upcoming contract expiration of its incumbent.
The city is seeking investment advisory services related to its police and fire and employee retirement systems.
The plan is looking to replace its current manager that has “struggled continuously.”
The new additions will lead Wasatch’s new Global Small Cap Value and International Small Cap Value equity strategies.
The firm was rehired based on “superior quality, efficiency and fitness of [their] proposed solution” as well as the cost-effectiveness of their proposal.
The fund makes opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe.
The retirement system made private equity commitments totaling $19 million in January.
The global alternative investment firm expanded its legal credit team with the addition.
The plan also received a private markets pacing plan in January.