Searches And Hires
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
The foundation has issued an RFP seeking investment advisors to invest funds in accordance with its investment policy, provide custom benchmarks to assess investment performance and provide education and training to board and staff, among other responsibilities.
The higher education agency selected a firm to provide financial and investment advisory services for its student loan program to conclude a search from late 2023.
The revised international equity portfolio structure shifts the allocation closer to its MSCI All Country World Index ex USA benchmark and increases active management to 70% from approximately 40%.
The selected firm will serve an initial one-year term beginning on Jan. 1.
The plan had placed Western Asset Management on watch earlier this year.
The agency expects to commence a contract on July 1.
The retirement fund currently works with fixed-income consultant RVK.
The county rehired the investment consultant that serves on behalf of its defined benefit plan, OPEB trust and LOSAP program trust.
The plan is also conducting a consultant search for informational purposes.