The pension plan terminated one of its international large-cap core equity managers due to underperformance.
The pension plan’s cio and acting executive director have both resigned following the dismissal of the executive director earlier this week.
The firm appointed its first global cio as well as a new president and ceo.
The plans currently utilize MissionSquare Retirement.
The pension plan has directed its staff and general investment consultant to conduct a targeted RFP process to replace a terminated international small-cap equity manager.
The pension plan committed $100 million total to an existing private equity manager relationship last week.
The deferred compensation plan replaced its international large-cap value equity manager yesterday due to underperformance.
The pension plan approved a new asset allocation policy that introduced a new asset class and eliminated two existing asset classes last week.
The pension plan made a $20 million credit commitment in the third quarter.
The ceo of asset management will spearhead the group’s efforts to bring together its public and private markets businesses as a unified global asset manager.