Searches And Hires
The college is seeking a retirement consultant that can assist in providing regular objective, third-party advisory and consulting services regarding its 401(a), 403b and 457 retirement plans.
The plan’s sole emerging markets equity manager was first hired in 2017.
The state authority has selected an investment consultant and industry advisor for its college savings plan after conducting a search earlier this year due to a statutory requirement.
The program approved the addition of a new small-cap value fund to replace an existing strategy within a lineup of underlying fund managers and rehired its investment consultant for a three-year term.
The plan made the decision in closed session of its August board meeting.
The retirement system is seeking an international growth equity manager to handle $200 million.
The plan’s current manager has been under scrutiny due to organizational and personnel changes.
The plan last conducted an asset/liability study 18 years ago.
The plan is looking to create a broadly diversified private credit portfolio.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
