Searches And Hires
The plan expects to announce an intent to award on June 15.
The plan committed $90 million total to new and existing manager relationships yesterday.
The plan made private credit commitments after presentations in closed session.
The plan’s investment subcommittee will consider domestic mid-cap value and emerging markets equity replacement options at an upcoming meeting.
The plan will receive a list of active and passive candidates next month.
The plan will conduct the search in an effort to generate higher returns.
The fund will conduct searches for a U.S. large-cap growth equity manager and a global equity manager with a tilt toward either core or value stocks after approving a new asset allocation at its May board meeting.
The commitment is part of a private equity buildout.
The $27 million in assets will be used for liquidity purposes.
The plan, which last conducted a similar search in 2010, will issue the RFP later next month.