Searches And Hires
The plan will commit to a total of 15 private equity managers next year.
The pension plan made a $24 million commitment to an existing real estate manager relationship in October.
The plan’s consultant will also kick off an asset/liability modeling study this month.
The plan’s current provider handles $174.5 million of its assets.
The plan also made several private markets commitments totaling more than $500 million.
The plan also made a hire to replace its mandate with Western Asset Management.
The $80 million committed to non-core infrastructure funds at today’s meeting conclude the retirement fund’s pacing plan for 2024.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The New Jersey city is seeking the services on behalf of its $9 million deferred compensation plan.
The foundation has launched a search for an outsourced cio to oversee its portfolio and revise its investment policy statement.