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Board selects Galliard as stable value manager for Deferred Compensation Plan
Summary
After a Callan‑assisted search, the board approved retaining Galliard as the San Francisco Deferred Compensation Plan's stable value manager citing strong performance, scale and a modest fee concession; the decision was unanimous on a staff motion.
The Retirement Board approved staff and consultant recommendations to retain Galliard Capital Management as the stable value investment manager for the San Francisco Deferred Compensation Plan (SFDCP).
Staff described a multi‑stage search led by Callan that began with 22 candidates and narrowed the list to semifinalists then finalists. Galliard and Invesco delivered customized portfolios and…
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