Searches And Hires
The search is due to the upcoming contract expiration of the plan’s incumbent.
Plan has worked with its incumbent consultant since 2013.
A California city is seeking pension and administrative services for a new section 115 trust.
The selected firm will serve for an initial two-year term.
The search will target multiple managers to each handle a maximum of $600 million.
The plan, whose incumbent was first hired in 2016, is seeking managers to handle between $30 million and $40 million.
The plan will launch a credit manager RFP next month to fill a maiden allocation to the asset class.
The county rehired Public Trust Advisors for the services in 2019.
City is seeking an investment manager to maximize earnings safely while meeting daily cash flow needs.