Daily Feed
The plan approved the search at a board meeting yesterday for pacing purposes.
The retirement plan interviewed three consultant finalists for its alternatives portfolio.
The pension fund also reached the range for this year’s pacing plan for the asset class with a recent $50 million commitment.
The new stable value fixed-income manager replaces the plan’s underperforming incumbent.
Adam Craig joins the Florida-based firm after nearly 30 years in the institutional investment industry.
The retirement system made investments of $100 million each to “fixed-income replacement” and infrastructure funds this week.
The retirement system will issue an RFP for lower middle market buyout funds.
The plan placed one manager on formal watch and terminated another.
The city will vote on a recommendation to hire an investment advisor for its short and long-term investments next month.
The firm has hired a head of investor relations to lead its strategy with a focus on strengthening how it communicates its long-term growth strategy and financial performance to the investment community.
