Searches And Hires
The retirement system approved the hire following a search report presentation from its consultant.
The plan also terminated an emerging markets equity manager for performance reasons.
The domestic large-cap growth equity manager had been on watch due to underperformance.
The new structure will result in manager terminations and searches.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The plan approved the search at a board meeting earlier this week.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
The retirement system’s existing consultant will see its contract expire on Dec. 31.
The city issued a record keeper RFP on behalf of the plans in December.
The retirement system is searching for active diversified commodities investment management services.