Searches And Hires
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The county issued an RFP in February as part of a periodic review of its services.
The plan interviewed three finalists in closed session at yesterday’s board meeting.
The plan also recently concluded its non-U.S. equity manager searches.
The retirement system doubled its target to value-add real estate at a board meeting today.
The plan also terminated a high-yield fixed-income manager in the first quarter.
The plan is looking for providers for its approximately $85 billion index portfolio.
The pension fund’s board reviewed an international equity manager search report to replace an underperforming incumbent last month.
The plan is seeking private equity and private credit strategies for a projected mandate of $20 million to $25 million.
