Searches And Hires
The search is being conducted for best practices.
The plans’ current provider will see its contract expire at the end of the year.
The search will target domestic long-only REIT managers.
The pension fund is seeking buyout and special situations funds to handle an estimated $85 million allocation.
The pension plan received a recommendation to hire two infrastructure managers and disclosed two private equity commitments last month.
The retirement fund selected a new consultant to conclude an invitation-only search launched in November.
The plan awarded more than $3 billion to international equity and credit managers.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The plan is looking for general and private markets consulting services.
The city expects to generate a shortlist of candidates to conduct interviews with on July 29.