The plan will invest $150 million into Ninety One’s Global Environment strategy.
The plan hired a new international value equity manager following finalist interviews at its September board meeting.
The plan promoted from within for the roles overseeing the $41.2 billion fixed-income portfolio and $144.9 billion global equity portfolio.
The firm has seen record growth in recent years, including onboarding 292 advisors to both new and existing practices across its network in 2023.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The general employees, police and firefighters pension funds will look to replace an underperforming manager.
The systems are looking for passive U.S. Treasury/Agency fixed-income managers.
The plan hired a new international equity manager to handle a nearly $90 million portfolio at its board meeting last week.
The beginning of August was a passing of the torch both literally and figuratively at Wespath Investment Management as Johara Farhadieh took over the cio reins from long-time investment head Dave Zellner on Aug. 1.
The plan will receive information on three real estate managers at its November meeting, which will also see a presentation from an underperforming domestic equity manager.