City of Phoenix Employees Retirement System hired Research Affiliates to run a $150 million real return strategy, pending contract negotiations, according to minutes from the boards Feb. 28 meeting, released today. The $2 billion fund issued an RFP last fall with consultant R.V. Kuhns assisting.
Separately, the board of trustees authorized the fund to invest in exchange-traded funds, according to the minutes.
Donna Buelow, retirement program administrator for the system, was not available to provide further details.