The plan’s investment committee is recommending hiring two firms.
The plan is set to conduct searches for domestic large-cap growth equity, mid-cap value equity, private markets and co-investment managers due to expiring contracts.
The dismissals were due to increased operating costs and management fees.
The plan’s current investment consultant was first hired in 2018.
The investment officer joins from another West Coast county pension plan.
The plan is also conducting a consultant search for informational purposes.
The plan is looking to commit $10 million to the asset class for pacing purposes.
The plan’s incumbent general investment consultant was first hired in 2018.
The plan is seeking help in developing a customized private markets consultant RFP.
The plan also terminated its mandate with Western Asset Management at today’s board meeting.