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An initiative to support Tribal entities is looking to select fund managers or nonprofit development groups to invest in local businesses.
The retirement system is seeking a replacement for its recently terminated international small-cap core equity manager.
The plan added a new international all-cap equity allocation in March.
The city is seeking to assign roughly $160 million to $180 million of its investment portfolio to an external manager.
The plan committed additional capital to two credit funds at its meeting today.
The plan opted to retain its current provider for the services.
The city’s retiree health care trust funds hired a firm for the services following a search conducted in 2020.
The board is seeking plan administration and investment management services for its two retirement plans.
The city last conducted an investment advisor search in 2018.
He will oversee the firm’s global equity research function in the newly created role.