Searches And Hires
The retirement system also hired two value-add real estate managers today.
The plan is searching for a replacement for an underperforming incumbent.
The retirement system made venture capital commitments totaling $45 million last month.
The retirement system made five commitments totaling roughly $218 million last week.
The city’s two retirement systems committed $12 million apiece for pacing purposes.
The plan terminated the firm after closed session deliberations.
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.
The plan’s full board will approve the investment committee’s commitments this week.
The city expects to award a contract in June.
