Searches And Hires
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The retirement systems will look to hire a core bond replacement next quarter after terminating Western Asset Management last month.
The plan will commit a total of $1.2 billion to the asset classes next year.
The search is due to state regulatory requirements.
The sanitary district is seeking retirement plan advisory services on behalf of a 457 plan.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
The plan interviewed the finalist firms at its board meeting last week.
The endowment is preparing to conduct a search for an investment consultant for its portfolio after wrapping up its U.S. direct lending manager search at its November board meeting.
The foundation recently entered the secondaries market by purchasing private equity interests and other illiquid assets from a prominent pension that is considering folding.