Searches And Hires
The deferred compensation plan hired an active domestic core fixed-income manager to complement its U.S. bond option today.
The retirement system’s current emerging markets equity manager was first hired in 2019.
The selected firm will handle the city’s various accounts totaling $716.6 million.
The pension plan’s general investment consultant will see its contract expire next year.
The retiree health care trust fund is interested in complementing or replacing its existing core-plus bond managers.
The retirement system will interview three firms at its board meeting tomorrow.
The plan eliminated its TIPS target as part of a new asset allocation policy approved in March.
The retirement fund will interview three finalists in its general investment consultant search next week.
The commitment represents a new manager relationship for the retirement system.
The plan expects to issue an award notice on July 18.