Searches And Hires
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
The search is to potentially replace an incumbent manager due to performance concerns.
The plan is required to go out to bid every seven years.
The pension plan committed $125 million to new and existing manager relationships last week.
The plan most recently renewed its general investment consultant contract in August 2022.
The plan is relaunching the search due to “issues” with its previous RFP.
The plan’s real estate committee received four investment recommendations on Wednesday and approved a commitment in May.
The foundation has issued an RFP for an investment manager to oversee its portfolio as part of a due diligence review of the marketplace and its incumbent is allowed to rebid.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.
The county received two proposals in response to an investment advisor RFP issued in March due to its incumbent’s contract expiration.