Searches And Hires
The board has hired two domestic equity managers to replace existing managers across its three investment plans.
The deferred compensation plan is looking to add a complementary manager to its U.S. bond option.
The city is seeking non-discretionary portfolio management services for its roughly $2 million portfolio.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The plan interviewed three finalists in a replacement search last week.
The city is seeking the services on behalf of its $22 million in operating and capital funds.
The authority is seeking general investment consulting services on behalf of its union and non-union pension plans.
The plan is hoping to capture more alpha through the manager change.
The plans rehired their general investment consultant today after issuing an RFI for best practices in August.
The selected firm will provide the services for four retirement plans.