San Antonio Fire & Police Pension Fund is searching for its first chief investment officer, according to a job posting on the $1.8 billion defined benefit plan’s website.
The selected CIO will report to Executive Director Warren J. Schott, according to the job description.
“Up to this point, the basic functions have been accomplished by the executive director with heavy reliance on an independent outside investment consultant,” the job description states. “With the growth of assets and the increasingly complex investment options and decisions, the board now feels it is time to add staff to provide additional in-house investment expertise. We expect to continue utilization of an independent investment consultant.”
The job description is available on the system’s website at http://www.safireandpolicepension.org.
Applications must be sent to Warren J. Schott, executive director, San Antonio Fire & Police Pension Fund, 311 Roosevelt Ave., San Antonio, TX 78210.
A timeline for selection was not specified. Mr. Schott could not be reached for comment.
According to the job description, the plan is 89% funded and its current asset allocation targets are 27% fixed income, 23% domestic equities, 17% international equities, 12% real estate, 10% hedge funds, 6% private equity and 5% real assets.