Searches And Hires
The commitments include two custom mandates.
The plan committed a total of $45 million to two private equity strategies.
The system is looking for record keeping and other services on behalf of its 401(a) and 457(b) plans.
The plan added a private credit commitment at last month’s board meeting.
The plan received proposals from six consulting firms.
The plan replaced its intermediate fixed-income manager due to personnel changes at the firm.
The plan hired the firm for an $8 million mandate at its October board meeting.
The plan is looking to make its second investment in the asset class.
The municipality previously worked with investment advisor Callan.
The pension plan’s investment committee approved commodities, fixed-income and private credit commitments last week.