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The commitments include a new manager relationship for the plan.
The plan currently works with general investment consultant CAPTRUST Financial Advisors.
The city initially engaged in a short-term agreement with the manager in October to manage $25 million.
Investment officer will help develop, implement and maintain the plan’s private markets investment portfolios.
The plan is seeking firms to manage a total of $100 million.
The city expects to select a firm by July.
The plan currently maintains a pool of pre-qualified firms for general investment consulting services.
The selected firm will service the district’s 457, 401(k) and OPEB funds.
He was part of the firm’s fund sponsor consulting group.
Obstacles to cutting interest rates remain as inflation appears to be flattening out rather than continuing to drop toward the Federal Reserve’s 2% target.
