Searches And Hires
The plan’s current U.S. small-cap growth equity option has experienced underperformance.
The retirement system launched a core fixed-income RFP process in September.
The search is only open to domestic core and core-plus real estate managers.
The retirement system added three more commitments to Lightspeed Venture Partners.
The pension fund also concluded a core fixed-income manager search with a hire at this week’s board meeting.
The plan completed a search for emerging markets small-cap ex-China equity managers in the fourth quarter.
The city expects to conduct interviews the week of April 21.
The plan replaced two existing managers in the fourth quarter due to underperformance.
The foundation last conducted an invitation-only search for the services in 2021.
The pension plan recently approved three commitments totaling $165 million.