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The city council expects to award a contract at its Jan. 22 meeting.
A total of three funds were hired as part of a private credit pacing plan.
When it comes to asset managers’ integration of ESG factors, larger firms tend to have a leg up on their smaller peers when it comes to the amount of resources available, according to inaugural analysis from investment consultant Callan.
More than half of defined benefit pension plans are bearish on the next year in the markets, according to investment consultant NEPC’s most recent survey.
The plan last conducted a similar search in 2019 that resulted in a consultant switch.
The plan approved two non-core real estate strategies at a meeting today.
The authority launched a search in May for its investment portfolio.
The city retained the incumbent consultants for its three pension plans.
The firm raised $28 million in the first close of its venture fund, which is anticipated to raise $100 million total.
The current executive director has accepted another position.