Searches And Hires
The institution rehired its discretionary investment advisor over two other finalists following the issuance of an RFP in the first quarter of 2023.
The commitments include one to a first-time manager.
The foundation hired a new investment consultant in the fourth quarter following a search based on its new strategic plan.
The system has launched a search for an investment advisory firm to help actively manage its cash and investments portfolio on a day-to-day basis.
The funds have issued an RFQ seeking fixed-income managers to invest monies on behalf of one, or both, of the funds.
The plan interviewed a total of four consultant finalists today.
The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.
City is seeking investment advisory services for its investments, a majority of which are held in local government pools.
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.
