Searches And Hires
The county’s new investment manager will replace incumbent Sterling Capital Management.
The city is seeking a firm to establish and oversee a Section 115 trust.
General consultant MBC Investment Consulting is assisting in the search.
The plan sees market opportunity due to recent banking failures.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The system completed a similar search for the services in 2019.
The plan has issued RFPs seeking an active core fixed-income manager as well as index managers.
The plan will target $110 million to core managers and $60 million to non-core emerging real estate managers.
The plan will interview three firms in its outsourced cio search next week.
The plan will interview two firms in September as it looks to replace its current manager due to personnel changes and a decline in AUM.