Searches And Hires
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.
The retirement system is looking to invest $15 million with a core investment grade manager.
The trust previously rehired its provider in 2019 after a similar RFP process.
The retirement system will launch the search soon for pacing purposes.
The retirement plan interviewed the firm in closed session at today’s board meeting.
The university has built a substantial allocation to cash in recent years as it looks to potentially solve a liquidity issue for another institutional investor’s portfolio.
The deferred compensation plan replaced its emerging markets large-cap core equity manager, which had been on watch since January 2022.