Searches And Hires
The investment consultant will oversee its approximately $2 billion portfolio after approving the RFP process in the fourth quarter.
The endowment is looking to deploy capital in new impact investments targeting change for the nation’s working forests and forest-reliant communities.
The plan has also terminated an underperforming international equity manager.
The agency’s investment portfolio was previously managed in-house.
The plan has placed a domestic small-cap value equity manager on watch due to consistent underperformance.
The search is due to the upcoming contract expiration of incumbent Meketa Investment Group.
The plan’s current consultant will see its contract expire.
The retirement system anticipates hiring two to three managers for a combined mandate size of approximately $1.4 billion.
The retirement system last conducted a similar search in 2018.
The retirement fund disclosed commitments totaling $3.1 billion in November.
