Searches And Hires
The retirement system doubled its target to value-add real estate at a board meeting today.
The plan also terminated a high-yield fixed-income manager in the first quarter.
The plan is looking for providers for its approximately $85 billion index portfolio.
The pension fund’s board reviewed an international equity manager search report to replace an underperforming incumbent last month.
The plan is seeking private equity and private credit strategies for a projected mandate of $20 million to $25 million.
The pension plan also maintained the fiscal year 2027 asset allocation policy for three of its systems this week.
The deferred compensation plan previously conducted a search for the services in 2020.
The plans expect to evaluate proposals by their Sept. 10 board meeting.
The pension plan hired a convertible bond manager to handle $35 million last month.
The foundation last conducted a search for the services in late 2018.
