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The pension fund had approved minimum qualifications for the search last month.
The retirement association also terminated an emerging market fixed-income mandate at today’s board meeting.
Institutional and individual investors are continuing to embrace private markets strategies in search of diversification and higher returns amid ongoing market volatility and geopolitical uncertainty, according to a new report.
Four total firms were interviewed in May for the mandate.
The retirement plan also hired a new principal investment officer of real assets.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.
The township is seeking record keeping, investment management and education services on behalf of its deferred compensation plans.
The noted author, consultant, and academic on the virtues of simplicity, the challenges facing active managers, and why he would stay away from investing in private capital.
The foundation added an international large-cap equity allocation after revising its asset allocation last year.