Searches And Hires
The plan’s current consultant was first hired in 2018.
The commitments include two first-time managers for the plan.
Two of the searches stem from a revised asset allocation adopted last month.
The plan will interview four finalists in its international small-cap value search.
The plan made commitments following closed session deliberations.
The pension plan made private markets commitments totaling $16.25 million last month and will consider a 2024 pacing plan this week.
The commitments were made under the discretion of staff.
The six managers will each handle a maximum of $600 million.
The county treasurer’s office selected a new investment advisor to manage its fixed-income investment portfolio.
The plans’ current consultant will see its contract expire in July.
