Searches And Hires
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
The contract of the plan’s current consultant expires on March 31.
A California county is seeking investment consulting services on behalf of its defined contribution plans.
The plan hopes to receive additional response to a new RFP.
The plan’s incumbent manager is on watch for leadership changes and performance concerns.
The fund is seeking a firm to provide all program management services, including compliance, investment, administration and record keeping, after hiring a firm in 2018 at the onset of the program.
The plan has begun its searches for a stable value fund manager and a record keeper.
The plan will receive ESG manager search results in February.
The plan committed $8 million each to a private equity fund-of-funds and a managed income strategy in October.
The searches are being conducted to comply with state procurement laws.
