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The city last issued a general investment consultant RFP for its 401(a) defined contribution and 457(b) deferred compensation plans in 2018.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The city last rehired Chandler Asset Management in 2016.
The new hire focuses on municipal high-yield in the firm’s global fixed-income, currency and commodities business.
The plan made an investment consultant hire following interviews with four total finalists.
The managing director will lead the firm’s portfolio management in Europe and oversee the performance of its European investment strategies.
The investment manager will handle an initial $9 million allocation for the city.
MissionSquare Retirement currently provides administrative and record keeping services for the county’s 457 deferred compensation plan.
The firm has hired a new senior managing director and head of international real estate to spear head its plans to expand investing outside of the U.S.
The plan hired a veteran investment staffer from the Los Angeles City Employees’ Retirement System.
