Searches And Hires
The foundation has issued an RFP seeking investment managers that align with its objectives.
The retirement system will commit $150 million across the two asset classes next year.
The system approved an infrastructure commitment with a new manager alongside buyout and venture commitments with existing managers within its endowment this month.
The administrator will be responsible for two deferred compensation plans with more than $420 million in assets.
The search is part of the continued buildout of the plan’s crisis risk offset portfolio.
The plan last conducted a similar search in 2018.
The city hired its incumbent firm following a similar search process conducted in 2017.
The retirement system opted to extend its contract for general investment consulting services to a firm recently hired for plan de-risking services.
The retirement system committed to an existing private equity manager relationship in the second quarter.