Daily Feed
The plan’s incumbent manager is on watch for leadership changes and performance concerns.
The commitments, which span real estate credit and private equity, include two new relationships.
The plan committed to a direct lending strategy today that will complement existing manager HPS Investment Partners.
Review of broad international equity portfolio will come as plan has kept an eye on the underperformance of an emerging markets equity manager.
New head of client relationships and business development joins from Morgan Stanley Investment Management.
Fund closes with more than $270 million of capital commitments.
The city is seeking investment advisory services on behalf of its 457, 401, Roth IRA and Retirement Health Savings Funds.
The plan committed roughly $1.2 billion total to four new managers and two existing managers in October.
The plan promoted a 10-year veteran of the firm to the new position.
The plan will fund the allocation from its intermediate bond manager.
