Searches And Hires
The plan transferred the assets to an existing Standard & Poor’s 500 Index mandate last week.
The search is for value-add managers to handle up to $7 million.
Plan’s investment and operations committee will recommend one finalist to the full board later this month.
The investment consultant will advise on the county’s deferred compensation plan and OPEB plan.
The asset class will represent a new investment for the plan.
The plan discussed three commitments last quarter totaling $75 million.
The university rehired its incumbent operating funds manager after issuing an RFP at the beginning of the year.
The strategic plan calls for committing $300 million to the asset class.
The plan approved an RFP seeking value-add real estate managers to handle $7 million.
Decision follows a partial acquisition of the incumbent firm that has left its equity team with $800 million in assets under management.