Searches And Hires
The city expects to select a firm on Oct. 21.
The retirement system is seeking three non-U.S. equity managers to handle a total of $25 million.
The search is being conducted to potentially replace un underperforming incumbent.
The retirement fund is seeking both minority-, women- and disabled-owned commingled fund managers and Africa-focused buyout, growth or special situations managers.
The retirement board is seeking the services on behalf of its defined benefit pension plan and VEBA trust.
The retirement system also made a value-add real estate commitment last week.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The retirement system issued RFPs to comply with state procurement regulations.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
The retirement system also saw two investment staff members depart this week.