Searches And Hires
The board replaced its sole real estate manager last month due to organizational concerns and a decline in assets.
The district received two proposals in response to an RFP issued in April.
The selected firm will administer a more than $800 million plan.
The retirement system will conduct searches for domestic and global fixed-income and domestic and emerging markets equity managers.
The retirement plan approved two private equity commitments totaling $13.25 million in the third quarter.
The commitment to an existing investment manager was made as the fund is underweight its strategic target to the asset class.
The foundation selected a firm led by a former investment committee chair to serve as its chief investment consultant to oversee the governance and decision-making structure related to its investments.
The retirement association’s new general investment consultant began its contract last month.
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The district’s current portfolio totals $55 million in active and interim deposits.