Searches And Hires
Pension division issued an intent to award notice in a high-yield fixed-income manager search launched in 2021.
The pension plan is seeking passive index and transition advisory services as it readies a long-awaited transition out of a larger fund.
The retirement plan is looking to replace an existing core-plus fixed-income manager.
The plan will consider hiring two domestic equity managers to replace existing mandates with the same firm.
The retirement system also terminated an international growth equity mandate.
The requested services include asset allocation, investment policy and strategy recommendations.
The pension disclosed two private equity commitments from May that totaled $60 million.
The city’s deferred compensation plan currently has three investment consultants.
The municipality expects to award a contract within 45 calendar days.
The plan’s incumbent was rehired in 2015 following a similar RFP process.