Searches And Hires
The pension plan approved commitments totaling $95 million with three existing manager relationships last week.
The pension plan made a $15 million credit commitment earlier this month.
The search is for a manager to handle $50 million with funding coming from the reduction or elimination of its current large-cap value manager.
The city is seeking consulting services for its four retirement plans.
The plan is looking to diversify its domestic large-cap value equity portfolio.
The plan will issue an RFP for domestic core fixed-income managers as part of a restructure approved at this week’s board meeting.
The plan committed to four firms that represent new relationships.
The retirement system will hold a special board meeting to vote on its record keeper search after dismissing Executive Director Scott Miller this week.
The pension plan hired a new manager after increasing its domestic fixed-income target allocation in May.
The plan recently made five real assets and venture capital commitments.