Searches And Hires
The retirement system committed to funds with two new manager relationships last week.
The retirement system introduced TIPS and eliminated its low volatility and public real assets targets as a result of a new asset allocation policy.
The county terminated its outsourced cio yesterday due to underperformance.
The search for due diligence purposes and the plan currently has three incumbent managers.
The retirement system is monitoring its domestic small-cap core equity manager for performance reasons.
The retirement system approved the hire following a search report presentation from its consultant.
The plan also terminated an emerging markets equity manager for performance reasons.
The domestic large-cap growth equity manager had been on watch due to underperformance.
The new structure will result in manager terminations and searches.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.