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Investment subcommittee committed to an existing venture capital fund-of-funds manager within its endowment last month.
Lower-level positions at asset management firms are the most diverse by both racial and gender measures, with equity ownership and senior management the least diverse, results of a Meketa Investment Group diversity, equity and inclusion questionnaire show.
Plan committed a total of $40 million to a pair of diverse-owned value-add real estate managers.
The plans have hired Empower Retirement as their new third-party administrator.
He will work on research projects, construct manager searches and interact with investment firms.
City prefers to remain with a single provider for its defined contribution plans.
City is searching for a firm to help manage its $301 million portfolio.
He will originate new investments for acquisition, financing and recapitalization for major sports teams and venues.
He will coordinate investor relations, marketing, communications and corporate development.