Searches And Hires
The retirement system will receive educations on the asset classes at a third quarter board meeting.
The retirement system’s upcoming search will comply with state procurement laws.
The water authority is seeking the services on behalf of its approximately $1.1 billion investment portfolio.
The plan committed to two funds after interviewing five finalists this month.
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement system is working with its general investment consultant to conduct a search for strategies.
Nearly $2.2 billion in assets are up for bid across the searches.
The retirement system created a 3% target to the asset class in February.
The institution approved financing agreements with four companies through its fund responsible for commercializing university research discoveries and innovations.
The pension system added up to $80 million across asset class strategies in February.