Daily Feed
The funds have issued an RFQ seeking fixed-income managers to invest monies on behalf of one, or both, of the funds.
The plan interviewed a total of four consultant finalists today.
The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.
Anne Valentine Andrews will join the firm on March 4 from BlackRock.
The fund closes at $1.7 billion, above its target size of $1 billion.
City is seeking investment advisory services for its investments, a majority of which are held in local government pools.
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
The council laid out plans to achieve an interim target by 2035.
The position will help support the plan’s private markets portfolio.
The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.
