Searches And Hires
The city’s deferred compensation and defined contribution plans replaced a domestic small-cap value equity manager today and its defined benefit plan will schedule finalist presentations in its large-cap growth search for next month.
The plan hired an index manager to oversee a Russell 1000 Growth Index allocation and named another passive provider to its bench.
The plan voted to issue an RFP for the services due to the upcoming contract expiration of one of its providers.
The advisor will be responsible for $187 million in non-pension assets.
The public trust fund is searching for discretionary investment managers to handle a portion of its $871 million investment portfolio comprised of fixed-income investments.
The commitments represent new relationships for the plan.
Four firms will vie for a $45 million mandate.
The plan approved commitments of up to $40 million each to two strategies.
The district expects to sign a contract on April 19.
The county has issued an RFP seeking a consultant to help research, design and execute a Community Development Financial Institutions fund.