Searches And Hires
The fund has issued an RFP seeking investment firms and/or financial advisors to provide strategic financial guidance and actively manage investment funds on a day-to-day basis.
The system retained five firms to provide investment products and services for its retirement program to conclude an RFP process from last year.
The organization expects to issue an RFP for investment managers and custodians in the coming months after its new investment advisor reviews its investment policy.
The city is seeking investment consulting services for its more than $1.3 billion in trust fund assets.
The pension plan recently made two commitments totaling $548.9 million.
The retirement fund is seeking primary direct private equity funds to handle up to $50 million in commitments.
The plan terminated its previous consultant less than one year into its contract.
The plan is seeking index managers to handle a total of $45 million.
The pension system added $240 million across the real estate, infrastructure and private credit asst classes last month.
The retirement system also made a venture capital commitment last month.