Searches And Hires
The plan also terminated an active global equity manager last month.
The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The pension fund approved the search for one or two managers last week.
The retirement system moved to a new general investment consultant in the first quarter after cutting ties with its incumbent after roughly 15 years.
The retirement system is also slated to vote on its general investment consultant search next month.
The plan will seek one or two managers to handle a total commitment of $450 million.
The plan interviewed three firms for a $7.5 million mandate.
The pension plan also added a global equity manager to its portfolio at a meeting yesterday.
The pension trust is targeting the RFP’s release for early summer.
The search is for an open-end private infrastructure strategy.