Fresno (Calif.) City Retirement Systems approved a plan to passively manage the system’s $157 million domestic large-cap equity allocation, said Robert T. Theller, retirement administrator, in an e-mail.
Mr. Theller said the money is being moved to a Northern Trust Asset Management index fund from J.P. Morgan Asset Management starting at the end of this month.
Mr. Theller also announced that the retirement office is currently searching for an investment officer to assist with the management and administration of the $2.5 billion investment portfolios. It is a new position.
Proposals are due Sept. 15. The job posting is on the city’s website.
