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The city has issued an RFP seeking investment advisory services for its 457 and 401(a) plans.
The current director is retiring after more than 10 years in the position.
Plan approved a new asset allocation policy that addresses the current marketplace.
Plans’ incumbent socially responsible manager Boston Trust Walden is invited to rebid.
Plan is searching to replace its cfo, who will retire next month.
He will focus on identifying, evaluating and executing investment opportunities.
The fund will invest across the business and financial services, healthcare, industrial, retail, consumer and leisure and technology sectors.
The fund seeks to create customized financing solutions that can help resolve idiosyncratic liquidity and capital structure situations.
Plan added a follow-on commitment to a multi-family real estate fund in April.
The RFP adheres to the Government Finance Officers Association’s recommendation to put out the services for bid every five years.