Searches And Hires
The current ceo announced her retirement last month.
The hire concludes an investment advisor RFP search launched in August.
The search is to potentially replace a current underperforming manager.
The retirement system will consider hiring two active domestic fixed-income managers and approving a structure for its new private debt portfolio this week.
The plan last conducted a search for services in 2018.
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.
The selected firm will manage a private equity portfolio totaling $400 million over five years.
The pension plan opted to extend its general investment consultant contract for one year while it searches for a new executive director and cio.
The plan’s micro-cap manager will now manage small-cap mandates.
The retirement plan expects to issue a consultant RFP on Friday pending approval at this week’s board meeting.