Searches And Hires
The plan is looking for an index focused on factors such as value, momentum, quality and low volatility to serve as a reference benchmark for an internally-managed portfolio.
The plan has $39 million remaining to be committed to three private equity funds in 2023.
The plan disclosed private equity, tangible assets and real estate commitments with existing managers at its meeting yesterday.
The county hired a firm to handle its pooled portfolio, which was previously managed by internal staff.
The village made a hire in its search for investment advisory services for its non-pension funds last month.
The plan committed to a new credit manager earlier this month.
The search will begin in the next three to six months due to the upcoming contract expiration of the incumbent.
The new asset allocation introduces private credit and infrastructure asset classes.
The RFP is being issued because a number of infrastructure managers are coming to market this year.
The plan approved a core-plus fixed-income manager search and terminated its hedge fund-of-funds mandate as the result of a new asset allocation policy.