Searches And Hires
The pension plan is seeking several managers to handle a yet-to-be-determined mandate.
The plan is seeking general and private markets consultants for due diligence purposes.
PFM Asset Management currently provides investment advisory services for the trust.
The pension plan approved one credit and three real estate commitments totaling $180 million at yesterday’s investment committee meeting.
The plan is set to commit $700 million to private credit this year.
The pension plan hired a domestic core fixed-income manager after increasing its target allocation to the asset class in the second quarter.
The plans terminated their mandate with domestic core-plus fixed-income manager Western Asset Management and hired a new record keeper in the fourth quarter.
The plan made two private debt commitments last quarter totaling $50 million.
The retirement fund has posted an RFP for infrastructure managers to handle a $50 million to $80 million allocation.
The investment division last conducted an RFP for the services in 2018.