Searches And Hires
The retirement association was notified of credit, private equity and real estate commitments last week.
The city is seeking one or separate firms to handle distinct investment advisory and municipal financial product advisory services.
The city hired an inaugural consultant for the trust in 2021 following a similar search process.
The city expects to issue an RFP and evaluate proposals by the plans’ May 7 board meeting.
The trust will commit $100 million in total this year.
The plan’s investment consultant will present potential alternative domestic mid-cap equity managers in May.
The fund is seeking a mission-aligned investment advisor to design and manage its first values-driven investment account.
The plan will continue to manage its investments in-house.
The plan’s current domestic equity portfolio includes small- to mid-cap growth and small-cap value mandates.
The retirement system terminated its sole public diversified real assets manager last month.
