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The retirement system is seeking firms to handle a total allocation up to $1.2 billion.
Michael Malchenko, who was hired as Santa Clara (Calif.) Valley Transportation Authority’s new cio last month after the position had been vacant for nearly two years, took the time to answer five questions with FIN-News.
The change follows an RFP process that began in April.
The authority rehired its investment advisor for its portfolios.
The city launched a search earlier this year seeking a firm to make recommendations on investing its funds.
The plan is looking to consolidate its consulting services into two contracts.
She has been with the plan since 2006 and most recently served as an investment officer.
The private equity fund focuses on opportunities that emerge during periods of market dislocation.
The town is seeking investment management services for its approximately $36 million in operating and capital funds.
The investment officer departed the plan after joining four months ago.