Searches And Hires
The trust fund has hired a new non-discretionary investment consultant following an RFP process that did not see its incumbent consultant submit a proposal.
The plan’s incumbent was awarded another five-year contract at a board meeting today.
The pension plan will consider potentially replacing its domestic small- to mid-cap core equity manager, which has underperformed.
The program expects to conclude its domestic all-cap equity index manager search at a special board meeting this month.
The county is seeking one or more domestic fixed-income firms to manage a portion of its operating and sales tax portfolios.
The retirement system made a change in emerging markets equity managers in May.
The two managers were placed on watch for performance reasons.
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The city issued an RFP in April due to its incumbent’s pending contract expiration.
The commitments include two new manager relationships.