Searches And Hires
The state fund-of-funds has extended the deadline for proposals in its search for an investment consultant, which was launched earlier this year due to the upcoming contract expiration of its incumbent provider.
The hires conclude a search for managers to handle a $20 million allocation to the asset class.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The board was notified of a recent domestic high-yield fixed-income manager hire for two of its investment plans.
The incumbent will serve for a three-year term.
The plan hired a new emerging markets equity manager after interviewing three finalists today.
The search will target equity and debt strategies.
The retirement system made domestic mid-cap growth and value equity manager changes this month.
The retirement board selected a new emerging markets equity manager following finalist interviews held last month.
The retirement system has been working with its incumbent consultant since 1987.