Daily Feed
The district is seeking a firm to provide services for its up to $175 million investment portfolio.
The retirement plan currently has four global equity managers.
Global equity would be a new asset class for the plan.
The new managing director of investor relations joined the firm from I Squared Capital.
The plan is looking for a firm to handle up to $20 million.
The duo’s appointment is part of the firm’s decision to move its special opportunities strategy to its credit group from the private equity group.
The portfolio’s investment process is currently overseen by the authority’s cfo.
The plan disclosed two new private equity commitments made since its last board meeting.
The plan’s consultant began a fixed-income structure review that trimmed its active roster.
The plan saw the departure of its former executive director earlier this month.