Extensive and timely coverage of the institutional industry.
The plan also promoted two analysts to associates this month.
The hires follow an RFI issued last month for managers to handle more than $1 billion.
The city is seeking a firm to actively manage a portfolio of up to approximately $100 million.
The township is searching for administration, record keeping, investment, participant education, financial guidance and related services.
The city is seeking investment advisory services for its approximately $90 million investment portfolio.
The plan is looking to eliminate the $1 billion portfolio in favor of illiquid credit.
The plan’s previous third-party administrator search resulted in a manager change.
The pension plan also removed its domestic core fixed-income mandate from watch last month.
ACORE Opportunistic Credit II closed with more than $1 billion in commitments.
The city received two proposals in response to an RFP issued in July.