Searches And Hires
The city last completed a search for the services in 2021.
The retirement system replaced one of its domestic large-cap value equity managers due to concerns about succession planning.
The selected firm will manage the retirement plan’s entire balanced portfolio.
The selected firm’s responsibilities will include investment management and consulting services in addition to financial wellness consulting.
The plan will target $750 million with up to 11 funds next year.
Philanthropist MacKenzie Scott has donated more than $590 million to at least 14 historically Black colleges and universities this year to grow their endowments.
The institution issued an RFP seeking an investment consultant to provide non-discretionary advisory services for its investment portfolios totaling more than $100 million in assets.
The university has more than tripled its investment in a bitcoin exchange traded fund within its endowment in recent months.
The university reupped with existing real assets and private equity managers within endowment fund in the first half of the year.
The endowment was slated to consider issuing separate RFPs for infrastructure strategies and private equity strategies at this month’s board meeting.