Searches And Hires
The manager will handle a portion of the county’s $600 million portfolio.
The plan expects to commit a total of $75 million to the two strategies.
The plan eliminated two hedge fund investments and will redistribute the funds to increased allocations with other portfolio managers.
The plan interviewed a total of three firms last month.
The plan’s incumbent managers were first hired in 2016.
The college savings plan selected a new program manager to provide investment management and account administration services following a search earlier in the year.
The deferred compensation plan terminated its TIPS manager following a diversified inflation strategies search report in November.
The plans currently work with general investment consultant Cook Street Consulting.
The plan is seeking managers to replicate domestic small-cap and mid-cap equity indexes.
The plan’s current mid-cap and small-cap managers are under review.
