Passive Equity
The manager hire concludes a domestic all-cap equity index manager search, which the program launched in March.
The retirement system authorized its cio to terminate several public markets investments last month.
The health system anticipates its new general investment consultant, which was hired in the first quarter, will recommend adding new passive investment managers and potentially private investment strategies to its portfolio next year.
The plan also appears to have reissued its private markets consultant RFP.
The retiree health care trust is searching for diverse index fund providers.
The retirement fund made commitments totaling $2.7 billion in August.
The pension plan terminated one of its international large-cap core equity managers due to underperformance.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
Mandates include global, U.S., non-U.S., emerging markets, customized funds, factor or risk-based indices and underlying components of target date funds.