Searches And Hires
The new manager will handle approximately $450 million.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The city last rehired the plans’ general investment consultant in 2016.
The plan’s upcoming search will not include its incumbents.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The pension plan approved three commitments totaling $175 million yesterday.
The plan opted to replace its incumbent at a board meeting yesterday.
The retirement system made up to $250 million in private equity commitments among new and existing relationships.
The plan hired two firms after finalist interviews last week.
