Searches And Hires
Public Trust Advisors currently provides investment advisory services for the city.
The city issued a similar RFP for investment advisory services in 2019.
The plan replaced its domestic core-plus fixed-income manager, which had been on watch for underperformance, in the fourth quarter.
Empower Retirement currently serves as the plan’s record keeper.
An RFP was issued last February for a total allocation between $90 million and $180 million.
Four total firms were considered in the investment consultant search.
The firm will provide pension administration and investment management services for the authority’s $5.2 million Money Purchase Pension Plan.
The plan interviewed two finalists last month for a $46 million mandate.
The city is considering consolidating its two deferred compensations plans into a single one.
The retirement system divvied up $12 million between two private equity co-investment funds-of-funds.