A West Coast county sanitation district has concluded its RFP seeking pension trust services.
The town’s board hired a firm to provide investment management services for its pension plan, taking over the duties previously handled by the pension committee.
They will oversee the Western and Eastern U.S.
The plan will conduct a target-date fund manager search to potentially replace an existing mandate.
A Southern state plan will conduct a manager search as part of a newly approved global equity structure.
The plan is searching for a firm to handle more than $1.6 billion due to the contract expiration of its incumbent manager.
The current president and ceo is retiring in March.
The city is seeking a plan provider for its voluntary 457 deferred compensation plan.
The rebranding took effect on Nov. 15.
The plan concluded its secondary private equity search after interviewing three last week.