Searches And Hires
The plan is looking to invest $200 million with multiple investment managers.
The retirement system moved away from its active domestic large-cap growth equity manager.
The retirement system added direct lending and core real estate commitments at today’s board meeting.
The city’s three pension plans will each be involved in the search.
The retirement system wrapped up an RFP process initiated in January.
The retirement system has approved a new asset allocation policy that increases its targets to U.S. equity, diversifying strategies and infrastructure.
The search is being conducted due to the upcoming contract expiration of incumbent Innovest Portfolio Solutions.
The plan also hired a new domestic large-cap value equity manager in the first quarter.
The plan concluded its core fixed-income RFP process in May.
The authority has concluded an invitation for quote process launched in April.