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The plan changed its investment consultants for the first time in over 20 years.
Four firms will be interviewed over the next two days.
The authority hired a consultant in its retirement plan investment advisor and consulting services search.
The agency will shift roughly two-thirds of its investment portfolio to a new active investment advisor.
Raudline Etienne is founder and ceo of Daraja Capital, a seeding platform that backs first-time opportunistic, private equity, real assets and real estate fund managers led by investment professionals of color and women. She took the time to answer five questions with FIN News.
The township is seeking the services on behalf of its $17.1 million general fund.
The firm’s president retired today after eight years at the company.
District plans to invest a minimum of between $20 million and $200 million under the guidance of the selected firm.
The search is due to the upcoming contract expiration of incumbent Empower Retirement.
The pension trust hired two new core-plus fixed-income managers at its meeting yesterday.