Searches And Hires
The retirement system added the two new asset classes as part of a completed asset allocation study.
The plan’s current consultant has been in place since 2006.
Four international equity managers will vie for approximately $164 million.
The city is seeking an advisor for its $350 million investment portfolio.
The university is exploring the sale of some of its private equity fund interests within its endowment on the secondary market.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
The retirement system’s global growth equity manager had been on watch due to underperformance.
The city concluded a search for investment management and advisory services in February.
The plan concluded its private equity search conducted for pacing purposes.
The foundation selected two firms to provide investment management services for its portfolio after issuing an RFP in late 2023.