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 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.