Searches And Hires
The plan has not conducted a search since it hired its incumbent consultant 20 years ago.
The plan is looking for flexible and tactical strategies.
Maiden Russell 1000 Value Index Manager will handle $20 million on behalf of the plan.
Selected international large-cap growth equity manager will handle between $1 billion and $2 billion and the U.S. REIT manager will manage between $100 million and $200 million.
Plan has not fully executed an RFP for the services since 2010.
The plan approved eliminating its global asset allocation target and folding a China equity target into its broader emerging markets equity allocation at its board meeting today.
The international value manager has underperformed its benchmark, prompting discussions of a replacement search for two Florida city plans.
The plan committed a total of $15 million to three secondaries funds at its April board meeting.
City is searching for a firm to oversee its $235 million in cash and investments.
Plan is targeting direct lending strategies and will award up to $600 million per mandate.
