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The retirement system recently replaced its domestic large-cap value equity manager due to underperformance.
The pension plan also redeemed an alternatives manager at a board meeting today.
The Midwest state’s $15.1 billion treasurer’s office is seeking investment management and consulting services.
San Jose Federated City Employees Retirement System Investment Committee Chair Anurag Chandra joins host Angelo Calvello, Ph.D. to discuss the three-ring fiduciary framework his board built to govern AI adoption, treating AI as “a brilliant analyst who’s never allowed to vote.”
The plan interviewed two finalists in its third-party administrator search.
City is seeking a firm to manage part of its $67.2 million investment portfolio.
The board will weigh adding a core-plus fixed-income strategy with a new manager within its portfolio as it looks to shift to active from passive management and increase its risk profile.
The university has named eight members to its board of trustees, including three investment professionals, effective July 1.
The retirement system is seeking strategies across the international equity spectrum.
The university investment arm is searching for the role after its public markets head retired on June 30 following more than seven years at the institution.
