Searches And Hires
The investment fund is seeking large-market private equity buyout and non-core infrastructure strategies.
The retirement fund made commitments totaling $2.7 billion in August.
The plan is looking to invest $350 million with multi-strategy hedge fund-of-funds managers.
The plan committed to three private equity funds following finalist interviews at a meeting today.
The union pension plan is seeking core or intermediate government/credit managers.
The plan’s current international equity manager recently saw the departure of a portfolio manager.
The plan also narrowed its general investment consultant search to two finalists.
The commitments include first time investments with three managers.
The retirement fund swapped out its core fixed-income mandate with Western Asset Management at a meeting last month.
The deferred compensation plan replaced its emerging markets equity manager, which had been on watch, in the second quarter.