Searches And Hires
The plan eliminated one firm from consideration after finalist interviews today.
The search follows the plan increasing its real estate target by 5% earlier this year.
The plan will consider issuing two consultant RFPs due to upcoming contract expirations and recently added a private equity commitment.
A Midwest retirement system is seeking consulting services on behalf of its deferred compensation plan.
The plan is monitoring the firm due to senior fixed-income leadership transition.
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The plan concluded its private equity manager search conducted for pacing purposes.
The retirement system will also announce a new executive director next week.
The commitment will help move the retirement system closer to its 30% non-core real estate target.
The plans currently work with general investment consultant Innovest Portfolio Solutions.