Searches And Hires
The plan is currently conducting due diligence on two firms.
The college has issued an RFP seeking firms to provide plan administration, investment and trust services for its retirement plans totaling roughly $183 million in assets.
The plan also renewed several of its investment consulting contracts at today’s board meeting.
The retirement system made an up to $100 million real assets commitment last week.
The new manager was selected for the $60 million mandate following finalist interviews with four total firms this summer.
The plan also delegated investment authority to its executive director.
The retirement plan received three submissions to its RFP issued earlier this year.
The plans currently work with general investment consultant Callan.
The county is seeking the services on behalf of its $9.9 million 457(b) and $414,000 401(a) plan.
The plan added a pair of private equity commitments and another to a credit opportunities fund.