Searches And Hires
The state pension fund is considering a private markets emerging manager program and will issue an RFI as it looks to gather further insight into the process.
The retirement system also recently hired a new international growth equity manager.
The potential search follows the termination of its incumbent active manager last month due to performance concerns.
The university disclosed the recent addition of three new private equity strategies within its endowment in between its first and second quarter committee meetings.
The state’s treasury department is seeking two firms to provide record keeping, administrative and communication services as well as custodial and investment advisory services as it looks to reduce its current fee structure.
The fund concluded a recent RFP with three private equity commitments totaling $50 million.
Plan staff intends to bring minimum qualifications in its domestic small-cap value equity manager search to the board next month.
The city also recently consolidated its record keeping services with one firm.
The incumbent manager is currently on watch for performance reasons.
The retirement system received four proposals in response to an RFP issued in November.
