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The foundation has hired a cio and director of investment operations in a move to bring its investment management and operations inhouse.
President Donald Trump’s “Liberation Day” tariffs that encompassed nearly all U.S. trading partners have sent markets into a tailspin and have managers and consultants emphasizing the benefits of diversification.
The authority has issued an RFP seeking investment management services.
The position reports to Deputy CIO Eric Chin.
Windmark Investment Partners currently provides general investment consulting services for the retirement system.
The retirement association recently committed $25 million each to private equity and credit commitments.
The plan will consider active and passive strategies and responses that encompass U.S.-only mandates and products with a global component.
This marks the retirement system’s third search attempt to fill an approximately $1.2 billion expected allocation.
The retirement fund is seeking a firm to provide objective third-party advice for its retirement fund assets.
The city is relaunching a search for investment management services after canceling a previous RFP last year.