Searches And Hires
The retirement system approved a $60 million public real assets commitment in May.
The search is due to the upcoming contract expiration of incumbent Empower Retirement, which is invited to rebid.
The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.
The authority received three proposals in response to an RFP issued in April.
The plan also terminated eight managers as part of a public equity implementation.
The pension plan introduced a 2% target to real estate debt as part of a new asset allocation policy adopted last month.
The plan is relaunching the search after contractual agreement with previously selected did not conclude.
The plan adopted a new asset allocation last month.
The city is seeking a manager to handle its $45 million in non-pension assets.
The plan hired a passive international equity manager to replace an active mandate in May.
