Searches And Hires
The plan rehired its incumbent domestic large-cap value equity manager following finalist interviews at a special board meeting held today.
The authority has issued an RFP seeking an investment advisor to oversee and manage its operating and other post-employment benefit trust funds.
The foundation opted to retain its incumbent manager for its portfolio following a search from the third quarter as its policy requires the services be put out for bid every six years.
Plan reviewed a search report that proposed three domestic small- to mid-cap value finalists for its $25 million mandate.
The plan’s incumbent consultants had their contracts renewed until early 2024.
The plan is conducting a mid-cap value manager replacement search as its incumbent manager has lost assets and the plan’s assets made above 40% of the investment product.
The plan is searching for two emerging market debt managers and one high-yield fixed-income manager.
Plan is seeking proposals from direct lending, opportunistic and distressed/special situations private credit funds that are currently fundraising.
The plan is seeking an international equity manager to handle a $35 million allocation.
The contract of the plan’s incumbent high-yield fixed-income manager will expire this year.