Daily Feed
The requested services include asset allocation, investment policy and strategy recommendations.
The three finalists to be recommended at this week’s meetings do not include the pension plan’s incumbent consultant.
The pension disclosed two private equity commitments from May that totaled $60 million.
The plan agreed to extend a relationship with RVK that dates to 2006.
The pension plan has named a new executive director after its previous director resigned.
The city’s deferred compensation plan currently has three investment consultants.
Avance Investment Management has hired Mark DeVincentis as a partner and head of capital formation and investor relations.
The municipality expects to award a contract within 45 calendar days.
The plan’s incumbent was rehired in 2015 following a similar RFP process.
The retirement system conducted a similar search in 2016 when it rehired its incumbent manager.