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The system approved private equity and real assets commitments with existing investment managers within its endowment at its board meeting last month.
The system selected two managers to wrap up its search for firms to provide lead record keeper, investment, administrative and participant services for its more than $5 billion in retirement assets.
Firm has added its second managing director from Magnolia Capital.
The foundation has hired a new ceo to handle its day-to-day oversight and leadership and help guide its strategic direction after its ceo retired last year.
David Baron and Michael Baron have been named co-presidents of Baron Capital as Linda Martinson will step down in June.
The outgoing director has been with the plan since 2014.
The selected firm will serve for an initial one-year term beginning on July 1.
The water district conducted a similar search process for the services on behalf of its short-term liquidity portfolio in 2019.
The city is seeking a firm to manage a portion of its cash portfolio.
The firms are working toward a definitive agreement, which is expected to be announced by the end of the quarter.
