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The U.S. and Israel’s joint strike against Iran over the weekend has prompted retaliation across the Middle East that sent oil prices surging, though industry experts believe the markets can absorb those levels in a short-lived conflict.
The retirement fund announced the promotion of its general counsel to the executive director role last week.
The termination stems from an upcoming co-portfolio manager departure.
The retirement fund anticipates final selection and approval in the third quarter.
The city is seeking the services for its $107 million in operating funds.
The plan approved the RFPs last week for best practices and due to the evolution of its portfolio through the addition of private markets.
The plan added a senior investment officer last month from another pension fund within the state.
The plan has issued an RFI for active quantitative investment management services.
The retirement fund added $249 million in new commitment at last week’s board meeting.