Searches And Hires
The retirement system terminated a domestic small-cap growth equity manager last month for performance reasons.
Three total firms submitted proposals to an RFP process that began in August.
The plan will also interview a finalist in its domestic large-cap core equity manager search next month.
The plan is seeking firms providing long-only convertible bond products and will consider U.S. and global strategies.
The plan issued an RFP in June “as part of its fiduciary responsibility.”
The plan also eliminated its global equity and emerging market debt targets.
The retirement system is seeking active global all-cap, large-cap, mid-cap and small-cap equity managers.
The plan interviewed a total of four finalists at a board meeting yesterday.
The state trust fund has selected a new core-plus fixed-income manager to replace an existing manager following a search initiated last year.
The programs are searching for a firm to provide consulting and advisory services related to plan design, allocations within multi-asset class options, selection and monitoring of investment managers and ongoing monitoring and reporting of investment performance.