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The retirement system approved a commercial mortgage-backed securities commitment last month.
The private equity firm added two new associates this month.
The pension plan hired two equity managers and replaced its existing money market manager in the second quarter.
The city last issued an RFP for the services in 2021.
The commitment was made in accordance with a 2024 pacing plan.
The oversubscribed fund closed with approximately $1.2 billion in capital commitments.
The firm’s new dedicated insurance solutions team includes two team member additions.
The plan committed $70 million total across three funds in the last several months.
The deferred compensation plan replaced its intermediate fixed-income manager in February due to personnel changes.