Searches And Hires
The retirement system also opted against action following an equity structure review last month.
The pension fund committed $24 million across new real estate manager relationships last month.
The two managers were placed on watch last quarter for performance reasons.
The plan hired two of five firms interviewed for the mandate last week.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
The plan last conducted a general investment consultant search in 2013.
The deferred compensation plan replaced its domestic large-cap value equity manager in the first quarter.
The plan interviewed three domestic small-cap growth equity managers in August for the mandate.
The firm had been on watch since 2023 for underperformance and the funds have been moved to a passive account.
The foundation is shifting its investment strategy to a mission and values-aligned approach as part of its hiring of an outsourced cio to manage its public and private markets investment portfolio.
