Searches And Hires
The agency hired PFM Asset Management to handle the services following a search launched in 2016.
The pension plan terminated its domestic micro-cap equity manager last month due to underperformance.
The search is part of a 2024 pacing commitment plan.
The plan approved the search last month to comply with state procurement requirements.
The plan also placed its core fixed-income manager on watch in recent months.
The current provider will see its contract expire next year.
The plan issued an RFP in December after its previous outsourced cio was acquired.
The foundation hired an investment consultant to provide non-discretionary services for its portfolio over three other firms after conducting an RFQ and RFP process last year.
The foundation terminated an unconstrained fixed-income manager and reinvested the redemption proceeds with an existing firm at its board meeting in late September.
The consultant will advise on four retirement funds.
