Searches And Hires
The plan last conducted an asset/liability study 18 years ago.
The plan is looking to create a broadly diversified private credit portfolio.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The plan is seeking open-ended fund managers to handle $45 million.
The plan also named finalists in its non-core real estate and private credit searches.
The plan replaced its international growth equity manager in June.
The termination, which was recommended by the plan’s general investment consultant, stems from performance reasons and a key personnel departure.
The plan took action on two search reports provided by its general investment consultant at its board meeting this week.
The pension plan terminated one of its international large-cap core equity managers due to underperformance.
The replacement is due to recent organizational concerns at the incumbent firm.