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The authority decided to stick with its incumbent to provide services for its $29 million 457 and $2.9 million 401(a) retirement plans.
The firm has launched its second private equity fund for institutional clients in conjunction with the closing of a new fund.
The fund closed with over $370 million in commitments.
The retirement system is seeking firms to handle a total allocation up to $1.2 billion.
Michael Malchenko, who was hired as Santa Clara (Calif.) Valley Transportation Authority’s new cio last month after the position had been vacant for nearly two years, took the time to answer five questions with FIN-News.
Abrdn, the UK-listed fund management group, is working with the University of Edinburgh to develop a generative AI tool with a “statistical brain” to work alongside its investment research team.
The change follows an RFP process that began in April.
The authority rehired its investment advisor for its portfolios.
The city launched a search earlier this year seeking a firm to make recommendations on investing its funds.
The plan is looking to consolidate its consulting services into two contracts.