Fixed-Income
The city expects to issue an RFP and evaluate proposals by the plans’ May 7 board meeting.
The retirement system terminated its sole public diversified real assets manager last month.
The credit manager completed its acquisition of the systematic fixed-income manager after acquiring a minority stake in the firm in 2023 that gave the firm the option to acquire control over a multi-year term.
The retirement plan hired a core-plus fixed-income manager to complement its more conservative incumbent.
The system approved revising the asset allocations for its endowment and liquidity pools after reviewing the allocation strategies for both pools in recent months.
The RFI is seeking investment managers who invest in Ohio-based opportunities and is open to strategies across private equity, infrastructure, real estate, equity and bonds.
The treasury first discussed the search last year for its $1.7 billion liquidity and $4.2 billion reserve accounts.
The plan is seeking stable value manager services for an approximately $2.1 billion mandate.
The plan is seeking emerging market debt strategies to invest 1.5% of its assets.
The retirement system currently has two core real estate investments.