The plan located in our nation’s capital approved a search for active international equity managers.
A total of six new sub-mandates were funded.
The plan rehired its incumbent following a similar search conducted in 2017.
The plan relaunched a search after initially hiring a firm last year.
The retirement system retained its equity manager and let go of its incumbent fixed-income manager.
The commission is searching for a discretionary manager for its non-pension assets.
The asset classes were recommended by the OPEB trust’s new general investment consultant.
The retirement system will also launch a search for private credit managers next year.
The plan will replace its core-plus and global opportunistic bond managers.
The plan instructed its consultant to prepare an analysis of alternative firms to its incumbent core-plus bond manager.