Searches And Hires
The Windy City other post-employment benefits trust fund terminated its core-plus mandate with the firm last quarter.
The retirement system’s current provider was first hired in 2019 following a similar RFP process.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The pension plan terminated a roughly $360.5 million emerging markets equity mandate last month.
The district’s full board will receive a recommendation in the search next week.
The search to fill a roughly $25 million allocation is open to both active and passive strategies.
The plan also named finalists in its private markets consultant search.
The plan also placed a domestic equity manager on watch due to underperformance.
The retirement system considered approving its general investment consultant RFP at Friday’s board meeting.
The plan previously retained its incumbent following a similar search in 2019.