The county rehired the investment consultant that serves on behalf of its defined benefit plan, OPEB trust and LOSAP program trust.
The retirement system will conduct a full search for emerging managers-of-managers after reviewing a consultant presentation on available options at today’s meeting.
The pension had launched a search for a new manager in May.
The county deferred compensation and defined contribution plans swapped out an incumbent core-plus fixed-income manager under scrutiny from the SEC.
The alternative asset manager added three members to its institutional business development team.
The plan hired an emerging manager consultant this summer.
CLARIFICATION: The West Virginia Investment Management Board committed $70 million each to ABR Capital Partners’ ABR Chesapeake Investors VII and TPG Angelo Gordon’s TPG AG Credit Solutions Fund III at its July 22 real estate committee meeting. Incorrect fund names and commitment amounts were included in yesterday’s FIN Daily based on plan provided materials.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The pension fund is seeking U.S. residential real estate managers to handle at least $50 million.
The retirement system authorized its cio to terminate several public markets investments last month.