Searches And Hires
The plan also terminated an emerging markets equity manager for performance reasons.
The domestic large-cap growth equity manager had been on watch due to underperformance.
The new structure will result in manager terminations and searches.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The plan approved the search at a board meeting earlier this week.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
The retirement system’s existing consultant will see its contract expire on Dec. 31.
The city issued a record keeper RFP on behalf of the plans in December.
The retirement system is searching for active diversified commodities investment management services.
The retirement system has issued separate RFPs for small-cap value and small-cap growth managers.