Daily Feed
The pension plan agreed to keep its executive director on paid administrative leave through June at Friday’s board meeting.
The plan will also receive a recommendation to renew its general investment consultant contract through 2029 this week.
The pension plan expects to commence the contract on Nov. 19.
The city is seeking the services for its 457 and 401a plans.
He will rejoin the firm’s global private finance group after previously serving as co-head of the North American group.
The plan made three commitments with existing manager relationships.
The city is searching for a firm to provide full portfolio management of its $730 million investment portfolio.
The pension fund also hired a private markets analyst earlier this year.
The plan will see its incumbent’s contract expire on Dec. 31.
The district is seeking a provider for record keeping and administration, investment advisory and trustee services.