Searches And Hires
The search is for services on behalf of the county’s 457(b), 401(a) hybrid and 401(a) defined contribution plans.
The plan hired two new core-plus fixed-income managers to replace Western Asset Management.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
The pension plan committed $17 million to an existing infrastructure manager relationship last week.
The two manager terminations stem from underperformance, asset outflows and high fees.
The plan also appears to have reissued its private markets consultant RFP.
The plan replaced the TCW Total Return Bond Fund at its Oct. 16 meeting.
The agency hired PFM Asset Management to handle the services following a search launched in 2016.
The pension plan terminated its domestic micro-cap equity manager last month due to underperformance.
The search is part of a 2024 pacing commitment plan.