Daily Feed
Plan’s investment committee will review a recommendation to rehire the incumbent consultant.
The plan replaced the cash overlay provider for its Commingled Trust Fund and approved two private equity commitments yesterday.
The previous ceo will remain on the firm’s leadership and investment teams.
The plan will review allocation options in June after receiving educations at its board meeting yesterday.
Plan is searching for a firm to advise on its investment guidelines, asset allocation and manager selection.
Plan staff and general investment consultant Verus will conduct on-site due diligence of the four firms.
The city retained incumbent Innovest Portfolio Solutions after issuing an RFP last year.
Plan hired a new active core fixed-income manager to split its overall bond allocation this week.
Plan is surveying the market for private credit and credit-related consulting services due to the evolution of its non-core fixed-income portfolio.
