Searches And Hires
The foundation is looking to add emerging markets equity and India-focused private equity allocations within its portfolio.
The organization has issued an RFP seeking an investment advisor to invest and manage a portion of its assets over a three-year period with a conservative to moderate risk tolerance.
The fund is searching for an investment manager to handle its endowment, develop and implement an investment strategy as well as recommend and manage asset allocation.
The pension plan also made two private equity commitments totaling up to $80 million in June.
The county awarded a contract for the services in August on behalf of its $7.2 billion portfolio.
The plan’s current alternatives consultant was first hired in 2017.
The foundation retained its incumbent manager after issuing an RFP for the services earlier this year.
The retirement system received proposals from five firms following an RFP issued in January.
The plan is also considering adding risk mitigating strategies.
Expected services include investment consulting, plan administration and participant education.