Searches And Hires
The hire concludes a search that included an RFP and an RFI issued in July and April, respectively.
The plan approved two commitments as part of its private credit pacing plan at a meeting today.
The plan will also receive an international equity manager search report next month.
The plan made three commitments after interviewing firms in closed session last month.
The city hired incumbent Fiduciary Consulting Group following a similar RFP process in 2019.
The plan rehired its incumbent consultant in 2018 after a similar search.
The search is to potentially augment or replace existing portfolio allocations.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The plan also removed a firm from watch status due to improved performance.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.