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The retirement system made private equity commitments totaling $35 million in January.
Bernie Reidy serves as managing director and national endowment and foundations executive and Michael Strauss is a managing director and senior investment strategist at Bank of America Private Bank. Both Reidy and Strauss took the time to answer five questions with FIN News.
The plan’s existing large-cap growth manager had underperformed.
She joins with experience from two New York pension funds.
The retirement system is scheduled to select three finalists in its international equity manager search next week.
The pension plan will conduct domestic large-cap and small-cap equity manager searches this year.
The pension plan was notified of two commitments totaling $175 million last week.
Fund IV marks the firm’s largest today at $309 million in equity commitments.
The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.
She became the first woman to hold the position in the retirement system’s history in 2022.
