The nonprofit membership association has launched a search for an investment consultant for its portfolio to comply with its competitive bid policy and to survey the market.
The firm’s new managing director and head of asset management joins from Blackstone.
The firm’s largest credit pool of capital to date reached $3.6 billion.
Andrew Palmer will retire from the plan this summer.
The 457(b) and 401(a) plans are in the market for record keeping/administration, communication/education and custodial trustee services.
The plan’s current international small-cap equity manager has been on watch since early 2023.
The board has hired two domestic equity managers to replace existing managers across its three investment plans.
The deferred compensation plan is looking to add a complementary manager to its U.S. bond option.
The role is newly created.
The city is seeking non-discretionary portfolio management services for its roughly $2 million portfolio.