Searches And Hires
The search is being conducted due to the upcoming Dec. 31 contract expiration of incumbent RVK.
The retirement system is seeking direct/niche lending and credit opportunities funds.
The plan’s current U.S. small-cap growth equity allocation is handled by UBS Asset Management.
The plan is looking to invest $100 million in a liquid credit strategy.
The authority is seeking a comprehensive provider for its retirement plans.
The search is related to services for its $1.1 billion in operating and bond funds.
The pension plan made private equity commitments with two new manager relationships and one existing manger relationship in the first quarter.
The city’s police and fire and general retirement systems will interview three fixed-income managers at next week’s joint board meeting.
The retirement system committed to three existing manager relationships in the past two weeks.
The domestic large-cap equity manager was hired as part of the board’s U.S. equity 2.0 portfolio.