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The plan made a hire following an RFP process every five years.
City’s search comes alongside one for third-party administration services on behalf of a newly created trust fund.
The plan’s incumbent real estate consultant did not respond to an RFP issued due to its contract expiration.
Plan has issued an RFP for retirement plan advisory services related to investments.
The transaction closed mid-November, according to a spokesman.
The plan will interview three domestic mid-cap growth equity manager finalists at its February investment committee meeting.
The plan is open to core, growth and value strategies and will consider micro-cap managers.
Plan is working toward a full transition from the New Jersey Division of Investment and State Investment Council this year after taking several big steps in 2020.
Position is dedicated to expanding investment opportunities for MWBE fund managers.
A California pension plan approved the hire of a new real estate manager at its board meeting today.