Searches And Hires
The plan committed to a buyout fund and an opportunistic real estate fund at its board meeting yesterday.
The plan hired a domestic large-cap value equity manager to replace an all-cap value manager at its May 17 board meeting.
City is searching for a firm to manage its $50 million in operating and capital funds.
The plan is searching for opportunistic and value-add strategies.
The town appears to have restarted a search that first began last year.
Plan expects to conclude a search for general investment consulting services in September.
Plans expect to award a record keeper contract and discuss the potential replacement of an international value equity manager in September.
The plan had moved to a fully passive large-cap allocation in 2020 but general investment consultant Meketa Investment Group sees an opportunity for concentrated active managers.
Fund will interview three open-end core real estate managers to potentially handle $100 million total and two closed-end core real estate managers to handle $50 million prior to its board meeting at the end of the month.
A tribal organization based in the West has issued an RFP seeking investment management services for its minor’s trust investment account and money market deposit accounts.
