Searches And Hires
The retirement system is searching for a firm to conduct a one-time asset allocation review.
The retirement fund is scheduled to hear proposed real estate and infrastructure pacing plans at next week’s investment committee meeting.
The search is open to real estate debt, opportunistic and value-add funds.
A foundation based in the Midwest replaced a small-cap growth equity manager with a similar strategy.
The foundation recently approved an equity investment with a diverse manager within its endowment and mission-aligned investment pool after tracking the firm for years through its investment consultant.
The retirement system is seeking a Standard & Poor’s 400 Index manager.
The fund will discuss potentially conducting a search to replace its incumbent small-cap value manager due to underperformance.
The two commitments were made for pacing purposes.
The board hired an infrastructure manager and adopted a new asset allocation policy in April.
The plan is considering a 5% dedicated allocation to the new asset class.