Searches And Hires
The plan is conducting a mid-cap value manager replacement search as its incumbent manager has lost assets and the plan’s assets made above 40% of the investment product.
The plan is searching for two emerging market debt managers and one high-yield fixed-income manager.
Plan is seeking proposals from direct lending, opportunistic and distressed/special situations private credit funds that are currently fundraising.
The plan is seeking an international equity manager to handle a $35 million allocation.
The contract of the plan’s incumbent high-yield fixed-income manager will expire this year.
The foundation is looking to build out its private investments over the coming years after revising its target asset allocation and significantly increasing allocations to several alternative asset classes in fiscal year 2022.
The plan’s contract with incumbent Nationwide Retirement Solutions expires on Dec. 31.
A total of up to $1.5 billion is expected to be awarded in the search.
The contract of incumbent consultant is expiring.
The plan added a second value manager at its board meeting last week.
