The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
Malik Murray died on April 19 of an apparent heart attack.
The contract of the plan’s incumbent investment consultant is expiring.
The plan voted to remain with its incumbent at a special board meeting yesterday.
The deal will add approximately 2,900 advisors and roughly $285 billion in brokerage and advisory assets to LPL’s platform.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
Dan Bienvenue has been with the plan for 21 years and served as interim cio on two occasions during his tenure.
Endowment boards need to have expectations as to how asset allocation and positioning is going to impact short-term results, an interim CIO at a university said, during a conference held in Miami this week.
The CIO said the comments to an audience of financial advisors at a conference held in Miami this week.