Searches And Hires
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan made private equity commitments totaling $60 million this week.
The incumbent submitted the sole proposal in response to the authority’s RFQ.
The plan swapped domestic small-cap core equity managers last month following a search by its investment consultant last year.
The plan is seeking a firm to handle a $15 million mandate and provide uncorrelated returns to both equity and fixed-income markets.
The plan had more than $430 million in the program at the end of 2022.
The plan made the commitment alongside approving a 3% target to the asset class at today’s board meeting.
The plan will look for a replacement global growth equity manager after terminating its incumbent this week.
The plan fully redeemed a market-neutral investment and will consider an international small-cap value equity manager hire.
