Searches And Hires
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The hire concludes an RFP process that began in May.
The pension fund is seeking U.S. residential real estate managers to handle at least $50 million.
The plan adopted a new target to private equity earlier this year.
The retirement system authorized its cio to terminate several public markets investments last month.
The searches result from a new domestic equity structure.
The plan’s core-plus fixed-income mandate assets have been redistributed to other bond managers.
The pension fund also added several private markets commitments in recent months.
The plan hired its incumbent for a new seven-year term.
The county launched a similar search last year seeking a firm to provide the services for a one-year period.