Daily Feed
The plan’s consultant will also kick off an asset/liability modeling study this month.
The plan’s current provider handles $174.5 million of its assets.
The plan is looking to invest up to $450 million with qualified managers.
The pension system filled its investment strategist position after seeing a pair of departures in the last 18 months.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.
The plan has retained its incumbent to continue providing record keeping and administration services.
The board replaced its international large-cap value equity manager in October due to underperformance.
The plan launched a search in April seeking non-discretionary full-service general consulting services.
The plan also made several private markets commitments totaling more than $500 million.
The plan also made a hire to replace its mandate with Western Asset Management.