Searches And Hires
The plan added two private markets commitments last month.
The county received five proposals in response to an RFP issued on behalf of its deferred compensation plan in August.
The plan made two private markets commitments following closed session deliberations.
The retirement association’s private credit portfolio stood at 6.4% against an 8% target as of Dec. 31.
The city is seeking non-discretionary portfolio management services on behalf of its $1 billion portfolio.
The plan will search for active and passive strategies for a total of up to $1.3 billion.
The pension plan will issue the RFP in September as its current contract has exceeded five years.
The pension plans received seven submissions in response to a joint RFQ issued in October.
The retirement system has worked with its incumbent general investment consultant since 2009.
The plan approved the two manager searches at a board meeting yesterday.