Equity
The plan disclosed two recent commitments totaling $900 million and named a replacement for CFO Barry Faison, who will officially retire on Dec. 31.
The plan concluded its ESG-focused manager search in the second quarter.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
The plan will review an international small-cap value manager and a low volatility equity manager due to underperformance.
Investment is structured as a co-investment alongside the Princely Family of Liechtenstein.
The plan recently placed an international large-cap equity manager on watch due to underperformance and made $80 million in total private equity commitments.
The plans terminated an international value equity manager, which had been on watch, and hired a record keeper and custodian last week.
The plan will interview two firms next month to handle nearly $200 million.
The firm had been on watch since August 2021 due to underperformance.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.