Searches And Hires
The pension plan selected seven absolute return managers for possible inclusion within its investment lineup and tweaked its asset allocation policy last week.
The city’s current investment advisor was first hired in 2012.
The search is open to separate accounts, commingled funds and mutual funds.
The plan’s new U.S. equity head joins from an investment consultant.
The board retained its incumbent consultant after interviewing two firms.
The selected firm will provide fiduciary and investment advisory services for the plans.
The pension plan hired a secondary fund-of-funds manager and a primary fund-of-one manager to handle its maiden target allocation to private equity at Wednesday’s board meeting.
The city is seeking help in developing an investment committee and investment policy statement.
The pension plan committed $130 million total to two managers yesterday.
The county treasurer’s office is seeking a firm to provide services for its portfolio of cash and investments.