Searches And Hires
The city will award a contract by Oct. 15.
The commitment represents a new relationship for the plan.
The plan is seeking global and international small-cap and small- to mid-cap equity managers after approving the RFP last week.
The retirement plan filled its new private credit allocation in the second quarter.
The pension plan’s current manager was hired in 2016.
The county’s new investment manager will replace incumbent Sterling Capital Management.
The city is seeking a firm to establish and oversee a Section 115 trust.
General consultant MBC Investment Consulting is assisting in the search.
The plan sees market opportunity due to recent banking failures.
The board was notified of two recent equity manager terminations and a new private equity commitment.