Searches And Hires
The state agency expects to issue an RFP for a firm to provide investment advisory and management services for its portfolio due to the impending contract expiration of its incumbent provider.
The 529 plan is likely conducting the search due to the impending contract expiration of incumbent 529 industry consultant, which was retained in 2023 following a similar search.
The retirement system also hired two value-add real estate managers today.
The plan is searching for a replacement for an underperforming incumbent.
The retirement system made venture capital commitments totaling $45 million last month.
The retirement system made five commitments totaling roughly $218 million last week.
The city’s two retirement systems committed $12 million apiece for pacing purposes.
The plan terminated the firm after closed session deliberations.
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.