Searches And Hires
The state has issued an RFP seeking a general investment consultant on behalf of its college savings program, several endowments and pension plans.
The pension’s investment committee introduced a 2.5% target to non-core real estate at this month’s investment committee meeting.
The retirement system also concluded its private equity and index manager searches.
The city received five proposals in response to its RFP seeking investment management services.
The retirement system is looking to hire long volatility and global macro managers after increasing its target allocation to the crisis risk offset portfolio.
The retirement system will interview four firms next month for an up to $225 million mandate.
The retirement system’s outsourced cio recently terminated a global large-cap core equity manager due to underperformance.
The retirement fund disclosed nine commitments totaling $1.2 billion in May.
The state is conducting a general investment consultant search on behalf of its retirement system and several other funds.
The retirement system will consider options to replace its investment in Wellington Management Company’s Wellington Opportunistic Investment Fund, which is closing.