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The commitment represents a new relationship for the city’s three pension plans.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The city is seeking investment manager services for its two investment portfolios.
The plan is conducting the search to comply with state procurement laws.
The retirement system is seeking to establish a pool of “possibly two to three” consulting firms to advise on co-investments.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
Endowment boards need to have expectations as to how asset allocation and positioning is going to impact short-term results, an interim CIO at a university said, during a conference held in Miami this week.
The CIO said the comments to an audience of financial advisors at a conference held in Miami this week.
The fund ultimately decided to retain its investment consultants and their contract terms following review at its board meeting this month.
The foundation has hired the former head of private equity at Cornell University to serve as its managing director of investments.