Searches And Hires
The plan approved a $50 million commitment at its board meeting today.
The search is due to the upcoming contract expiration of its incumbent.
The hire concludes a search launched in May due to the incumbent’s contract expiration.
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The plan also made a $50 million long/short equity investment last month.
The retirement plan awarded a contract in its retirement plan and investment advisor services search last year.
The city interviewed five firms this week after issuing an RFP last year.
The hire concludes a search that was launched in August.
The trust’s existing consultant contract expires this year.
The university system is seeking a retirement plan administrator and record keeper for its 401(a) and 403(b) defined contribution plans.