Searches And Hires
The authority is seeking a firm to review investment transactions and provide performance reports.
The plan’s investment consultant began a replacement search in the fourth quarter.
The plan approved a $40 million core infrastructure commitment last week to fill a new allocation to the asset class.
The termination stems from an upcoming co-portfolio manager departure.
The retirement fund anticipates final selection and approval in the third quarter.
The plan has issued an RFI for active quantitative investment management services.
The retirement fund added $249 million in new commitment at last week’s board meeting.
The plan also hired two global equity managers at a meeting this week.
The search is open to primary and secondary options.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.