Searches And Hires
The university revised its asset allocation this month, increasing its target to alternative investments, as recommended by its discretionary advisor.
The retirement system also replaced its domestic small- to mid-cap core equity manager last month.
The pension system will invite three finalists to present at its board meeting in November.
The authority is seeking a firm to provide investment policy review and compliance support, among other services.
The plan also eliminated its target to TIPS as part of an overall asset allocation change.
The city is conducting the search due to its incumbent’s expiring contract.
The retirement system also made one full redemption at today’s board meeting.
The search will have a particular focus on European and global funds to increase the pension fund’s exposure outside of the U.S.
The deferred compensation plans currently work with Empower and Nationwide Retirement Solutions.
The retirement system is seeking open-end core real estate managers to handle up to $40 million.
