Searches And Hires
The retirement system terminated its international all-cap manager due to underperformance.
The city is seeking an investment advisor for its temporary idle cash.
The plan changed its investment consultants for the first time in over 20 years.
Four firms will be interviewed over the next two days.
The authority hired a consultant in its retirement plan investment advisor and consulting services search.
The agency will shift roughly two-thirds of its investment portfolio to a new active investment advisor.
The township is seeking the services on behalf of its $17.1 million general fund.
The search is due to the upcoming contract expiration of incumbent Empower Retirement.
The retirement system approved two private equity commitments for pacing purposes and diversification yesterday.
The plan is looking to invest $50 million in the selected strategy.