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Dukes County, Mass., seeks fixed-income manager
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Dukes County Contributory Retirement System, Vineyard Haven, Mass., is searching for a core fixed-income manager to run about $25 million.
Dahab Associates, investment consultant for the $210 million defined benefit plan, is assisting in the search.
The search is being conducted to comply with state law requiring contracts be put out for rebid, said Kevin Condy, director of research at Dahab Associates. Garcia Hamilton is the current manager and is invited to rebid.
The RFP is available on Dahab s website. Proposals are due noon EDT July 19. A selection is expected to be made in the third quarter, Mr. Condy said.
Chicago Teachers continues to call on Callan as investment consultant
Chicago Teachers continues to call on Callan as investment consultant
Pension fund also keeps Meketa, Wilshire on standby for projects
Callan as investment consultant, said Angela Miller-May, chief investment officer.
The $12.5 billion pension fund issued an RFP in January due to the state statutory requirement that the services must be put up for bid every five years, Ms. Miller-May said at the time.
While Callan remains the pension fund s sole ongoing consultant providing general, private equity and real estate investment consulting services, the board voted Thursday to utilize other finalists
West Palm Beach Police picks up Lazard, PGIM Fixed Income
West Palm Beach Police picks up Lazard, PGIM Fixed Income
PGIM Fixed Income to run $10 million each in active emerging markets debt.
The $451 million pension fund s board approved the hirings at its April 9 meeting, confirmed John McCann, senior consultant at AndCo Consulting, the pension fund s investment consultant.
Both managers run blended currency portfolios, Mr. McCann said.
Funding comes from a reduction in the portfolio of the pension fund s sole fixed income manager Garcia Hamilton & Associates, leaving it with about $67 million.
AndCo Consulting assisted.
Dallas-Fort Worth Airport lands $23 million in 3 alts funds
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Dallas-Fort Worth International Airport Board Retirement Trust committed a total of about $23 million to three alternatives funds and agreed to terminate one fixed-income manager, documents from the $811 million pension fund show.
At its March 2 meeting, the board agreed to commit €6.5 million ($8 million) to
BC Partners Fund XI, a European private equity fund. It also committed $7.5 million apiece to Tenex Capital Partners III, a private equity fund managed by
Tenex Capital Management; and Torchlight Debt Opportunity Fund VII, a real estate debt fund managed by
The board also agreed to terminate a $34 million core fixed-income strategy managed by Smith Graham & Co. Investment Advisors for performance issues. The plan s investment consultant AndCo Consulting recommended the action. A representative from Smith Graham did not immediately respond to a request for comment.