Searches And Hires
The search follows the plan rehiring its incumbent for the position in 2017.
The latest commitment will be the plan’s fifth overall investment with the firm.
The authority is conducting the search as it looks to optimize its conversative investment portfolio.
The plan expects to issue a notification of award on Sept. 11.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan made private equity commitments totaling $60 million this week.
The incumbent submitted the sole proposal in response to the authority’s RFQ.
The plan swapped domestic small-cap core equity managers last month following a search by its investment consultant last year.
The plan is seeking a firm to handle a $15 million mandate and provide uncorrelated returns to both equity and fixed-income markets.