Searches And Hires
The retirement fund also adopted a new long-term strategic asset allocation.
The retirement system previously extended its contract with incumbent Segal Marco Advisors for one year in October 2023.
The two firms will handle a total of more than $2.5 billion.
The retirement association conducted a search to potentially replace Western Asset Management.
The plan will invest $150 million into Ninety One’s Global Environment strategy.
The plan hired a new international value equity manager following finalist interviews at its September board meeting.
The retiree health care trust is searching for diverse index fund providers.
The plan also made a private equity commitment in the second quarter.
The plan will hear presentations from 12 total private credit finalists this month.
The plan added the core-plus fixed-income asset class earlier this year.