Daily Feed
The board retained its incumbent consultant after interviewing two firms.
The selected firm will provide fiduciary and investment advisory services for the plans.
The plan is seeking services related to record keeping, administration, marketing and enrollment, among others.
The plan’s investment committee will recommend the commitment to the full board at an upcoming meeting.
The authorities conducted similar searches in 2018 and both rehired their incumbent.
The plan launched a search to replace its incumbent in July due to organizational changes as well as underperformance.
The role of investment officer for corporate governance and stewardship is newly created.
The pension plan hired a secondary fund-of-funds manager and a primary fund-of-one manager to handle its maiden target allocation to private equity at Wednesday’s board meeting.
The plan rehired NEPC to provide advisory services at a meeting this week.
The city is seeking help in developing an investment committee and investment policy statement.