Searches And Hires
The pension plan recently committed $275 million total to two funds and terminated existing convertibles and real estate debt strategies.
The retirement system will interview three firms for a $20 million mandate.
The plan interviewed four finalists at its board meeting this week.
Plan is conducting the search to fill a 3% target to the asset class.
The plan is looking to potentially replace its incumbent due to performance issues.
The plan hired a new firm to provide custodial and index management services.
The plan’s current consultant will see its contract expire this year.
The plan committed $30 million to a follow-up fund at a meeting yesterday.
The plan will issue the RFP next week after last conducting an investment consultant search in 2016.
County has five plans totaling more than $100 million in assets.