Searches And Hires
The plan is considering a 5% dedicated allocation to the new asset class.
A foundation based in New England is looking to hire an investment manager to oversee its approximately $100 million investment portfolio.
The plans are looking to consolidate retirement services to a single firm.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The village expects to select a firm at its Aug. 4 board meeting.
The retirement system will interview two growth and two value finalists next month.
The retirement board last rehired its incumbent following its last search in 2018.
The retirement system approved the RFP at yesterday’s board meeting.
The city received five proposals in response to a retirement plan provider RFP issued in September.
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.