Daily Feed
The position will assist with the implementation and monitoring of internal and external investment strategies.
The city is searching for a firm to provide the services related to its operating and capital funds totaling approximately $60 million to $70 million.
The plan approved two commitments at a board meeting this week.
The plan last conducted a search nearly a decade ago.
The plan’s current manager was first hired in 2017.
The fund closed at $2.23 billion, oversubscribed relative to its $1.6 billion target.
The advisor will continue providing services for the city’s short- and medium-term investment portfolios.
The new head of wealth/strategic initiatives for WTW’s U.S. investments business has been with the firm since 2011.
The hire concludes an RFI launched in July.
The district tabled a similar search for services in 2017.