Searches And Hires
The plan is conducting the search to comply with state procurement laws.
The city is also looking to establish a deferred compensation committee as part of the RFP process.
The plan has worked with its incumbent investment advisor since 2009.
The plan may conduct a search to replace its passive core fixed-income manager next year following an asset allocation study.
The plan’s incumbent manager was first hired in 2015 and the search is to comply with standard state procurement laws.
The fund is looking for multi-family real estate specialist managers as it looks to transition some of its portfolio’s overweight industrial exposure to multi-family real estate.
The fund is searching for an investment consultant to assist with investment manager and custodian searches and provide performance reporting and weekly portfolio monitoring.
The city’s current consultant was hired in 2017 following a similar search.
The plan is conducting the searches to comply with state procurement law.
The plan also approved two real assets commitments along with a 2023 pacing plan at last week’s meeting.
