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The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The new hire will focus on selling the firm’s suite of solutions to institutional investors.
The plan will interview two firms in its general investment consultant search this week.
The deal marks the first outside investment in Fisher Investments.
The city is searching for a firm to recommend investment management, procedural changes and investment selection and perform trades on behalf of its investment portfolios.
The plan disclosed recent private equity, credit and real estate commitments.
The asset class would be new for the two plans.
The plan has hired a new executive director after the role was vacant for four months.
Sohel Hussain took the reins as v.p. of investments and finance at the Meyer Memorial Trust in October 2023. He took the time to answer five questions with FIN News.
The departure was “surprising and abrupt” and a replacement has not yet been identified.