Searches And Hires
The fund approved a commitment to an existing private equity manager as it is approximately $675 million underweight its target to the asset class.
A university based in a Southern state has launched a search for a retirement plan consultant.
The university retained two firms to provide record keeping and administrative services for its defined contribution plans following a search from 2025.
The agency is seeking a firm to provide a venture capital database monitoring companies, investments or individuals in growth-oriented industries across the state.
The fund decided against a search for an investment firm at a first quarter meeting following an update from its incumbent investment manager as well as a presentation of the treasurer’s report.
The firm will manage separate mandates for the city’s pension plan and OPEB Trust.
The retirement system made five private markets commitments totaling $160 million last year.
The retirement system added a second manager to its fixed-income portfolio last month.
The pension fund also trimmed an underperforming manager’s mandate by 30%.
The commitments include two new relationships for the plan.
