Searches And Hires
The retirement board also placed one of its private equity fund-of-funds managers on watch this week.
The pension fund approved a non-core infrastructure commitment at an investment meeting this week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The pension plan approved private equity commitments totaling $2.5 million in the third quarter.
The plan discussed the RFP at its emerging manager subcommittee last month.
The retirement system also added two private credit commitments in the third quarter.
The pension plan added $79 million in commitments this week.
The retirement fund placed three underperforming investment managers on watch in September.
Three finalists were interviewed at a board meeting this week.
The fund’s general investment consultant recommended the search for a core manager to complement its existing international equity managers.