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The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The retirement system will hear from three international value equity managers at next month’s board meeting.
The plans previously utilized MissionSquare Retirement.
The district issued an RFP in November seeking a manager for its bond proceeds.
The new manager replaces the plan’s mandate with Western Asset Management.
The position will report to Deputy CIO of Private Markets Allen Waldrop.
The plan launched a search over the summer for the position after the retirement of Kanoe Margol.
The plan is seeking firms to provide general and alternatives consulting services.
Nonprofits were busy hiring investment consultants and outsourced cios to oversee their portfolios this year including seven that swapped out their incumbent for new relationships and five that handed over their investment management responsibilities to discretionary providers from either an internal team or a general consultant.
Several nonprofit institutions changed their asset allocations or investment policies this year, boosting allocations to private equity and public equities.
