Searches And Hires
The search was recommended to explore the space for a new core fixed-income manager.
The search is being conducted due to the upcoming contract expiration of incumbent CAPTRUST Financial Advisors.
The plan’s private markets portfolio accounts for more than half of its total assets.
The plan last conducted a general investment consultant RFP process in 2016.
Incumbent discretionary/outsourced cio Wilshire has underperformed for the one- and five-year periods ending Dec. 31.
The plan closed on three private markets commitments last month.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The institution has launched a search for a discretionary investment manager to handle its pooled investment program following a similar search from 2019.
The plan awarded a contract to its incumbent consultant last week.
The plan is searching for an outsourced cio in an effort to generate higher returns.
