The plan rehired the manager today following interviews with two other finalists.
The plan will receive a recommendation from its general investment consultant that will determine the fate of its bank loan manager.
The plan authorized the issuance of an RFP as part of a newly approved credit portfolio structure.
A plan based on the West Coast added a bank loan strategy as part of the adoption of a new asset allocation last month.
The plan terminated its sole reinsurance manager in May.
The plan agreed to advance RFPs for an illiquid credit emerging manager program and passive fixed-income manager.
The plan is searching for a firm to handle up to $220 million.
Plan will issue an RFP for bank loan managers following approval at this week’s board meeting.
Plan will relaunch a search for private credit after reevaluating initial criteria and formally discontinued a bank loan search with no current plans to relaunch.
The plan is looking to refresh its pool of bank loan managers.