Daily Feed
Plan will search for private equity managers to fill a new 5% target to the asset class at today’s board meeting.
City is searching for a firm to manage its $78 million portfolio.
The CEO succession comes as the firm intends to conduct a comprehensive strategic review.
The search is open to core and core-plus real estate managers.
The plan will consider swapping one target-date fund manager for Vanguard Group to cut costs.
The firm’s new managing director joins from Epoch Investment Partners.
They will help source new transactions, perform due diligence and support portfolio company management teams.
The plan committed $50 million to a new venture capital manager last week.
The plan liquidated its $8.5 million hedge fund-of-funds mandate in May.
The plan will issue an RFP for general and alternatives consulting services next week.