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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.
The retirement system added three private commitments at its board meeting last week.
The plan hired a manager to implement its maiden 3% target to private debt as part of a new asset allocation policy in March.
The plan launched a search earlier in April due to the incumbent’s upcoming contract expiration.
The district received four proposals in response to its investment advisor RFQ.