Searches And Hires
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.
The plan is looking to invest $5 million each in large-cap growth and large-cap value.
The plan’s investment committee approved a real estate commitment with an existing manager last week.
The plan amended its five-year asset allocation plan to include a maiden target to tactical opportunities and approved three pacing plans in alternatives asset classes last week.
The plans are slated to discuss a potential domestic small- to mid-cap value equity manager replacement search at this week’s board meeting.