The plans terminated their mandate with domestic core-plus fixed-income manager Western Asset Management and hired a new record keeper in the fourth quarter.
The strategic, minority investment was made through Blackstone’s GP stakes business.
The deal will see approximately $6 billion in assets transferred to MetLife Investment Management.
The plan also received asset/liability stress test results from project-basis consultant Agilis at today’s board meeting.
The hire concludes an RFQ search launched in September.
The new chief distribution officer initially joined the firm in April to lead strategy and business development for its registered investment advisor distribution channel.
The deferred compensation plan terminated two domestic equity managers and an intermediate core-plus bond manager in the third quarter.
The pension plan will consider approving one credit and three real estate commitments totaling $180 million at its Jan. 9 investment committee meeting.
The county rehired its two domestic fixed-income managers to handle a portion of its operating and sales tax portfolios last month.
The interim executive director’s appointment is slated to go into effect on Jan. 20.