Searches And Hires
The plan is also expected to hire high-yield and investment grade bond managers later this year.
The plan approved commitments totaling $160 million across four funds in April and May.
The retirement system’s international small-cap portfolio consisted of a $57.8 million core mandate with Global Alpha Capital Management.
The commitments were made to two existing managers.
The retirement system hired a new domestic small-to mid-cap core equity manager in the second quarter.
The county received five proposals in response to an RFP issued in September.
The retirement system made the decision last month following finalist interviews.
PFM Asset Management currently provides the services for the city.
The pension plan issued an RFP in May seeking services previously provided by staff and its investment manager.
The retirement systems also disclosed co-investments yesterday.
