Daily Feed
Incumbent firm recently experienced a client loss that dropped its product assets below an acceptable threshold for the plan.
The commitments include one to a first-time manager for the plan.
The plan has posted its investment consultant services RFP as it looks to complete the search for best practices purposes.
He previously served as ceo of Omnitracs, a transportation and distribution fleet intelligence software platform.
He will oversee the firm’s global product strategy and product development.
City is searching for a firm to manage its $561 million investment portfolio.
The plan will make an initial $10 million investment in its first dedicated emerging markets equity manager.
The plan will invest more than $90 million overall in two existing relationships.
The plan approved private equity and credit commitments at today’s independent investment committee meeting.