Searches And Hires
The authority has issued an RFP seeking investment management services.
Windmark Investment Partners currently provides general investment consulting services for the retirement system.
The plan will consider active and passive strategies and responses that encompass U.S.-only mandates and products with a global component.
This marks the retirement system’s third search attempt to fill an approximately $1.2 billion expected allocation.
The city is relaunching a search for investment management services after canceling a previous RFP last year.
The plan hired two new managers and retained three at a board meeting this week.
The plan launched a search in February ahead of the March 31 contract expiration of its incumbent.
The pension plan replaced its domestic large-cap value equity manager in the fourth quarter due to underperformance.
The city is seeking record keeping services on behalf of its $3.75 million 457(b) retirement plan.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.