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The pension plan’s current manager was hired in 2016.
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’
The county’s new investment manager will replace incumbent Sterling Capital Management.
The firm added a new head of commercial real estate debt and announced additional promotions.
The city is seeking a firm to establish and oversee a Section 115 trust.
General consultant MBC Investment Consulting is assisting in the search.
The plan sees market opportunity due to recent banking failures.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The plans’ new executive director had been handling the position on an interim basis for over a year.
The system completed a similar search for the services in 2019.