Searches And Hires
The authority’s RFP for investment management services follows an RFI issued in the fourth quarter.
The commitments include two new relationships for the plan.
The authority is seeking retirement plan consulting and pension administration services on behalf of its 457 and 401(a) plans.
The plan expects to announce an intent to award on June 15.
The plan committed $90 million total to new and existing manager relationships yesterday.
The plan made private credit commitments after presentations in closed session.
The plan’s investment subcommittee will consider domestic mid-cap value and emerging markets equity replacement options at an upcoming meeting.
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.