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The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The village expects to select a firm at its Aug. 4 board meeting.
The retirement system will interview two growth and two value finalists next month.
The new global chief investment strategist has been with the firm for more than 10 years.
The retirement board last rehired its incumbent following its last search in 2018.
The commitment is consistent with the pension plan’s goal of adding geographic diversification to its core real estate portfolio.
The retirement system approved the RFP at yesterday’s board meeting.
The team’s new manager has been with Callan since 2008.
The city received five proposals in response to a retirement plan provider RFP issued in September.
The global financial services firm has entered into a definitive agreement to acquire UBS Asset Management’s O’Connor alternatives investment platform.