Searches And Hires
The plan is looking to invest $350 million with multi-strategy hedge fund-of-funds managers.
The plan committed to three private equity funds following finalist interviews at a meeting today.
The union pension plan is seeking core or intermediate government/credit managers.
The plan’s current international equity manager recently saw the departure of a portfolio manager.
The plan also narrowed its general investment consultant search to two finalists.
The commitments include first time investments with three managers.
The retirement fund swapped out its core fixed-income mandate with Western Asset Management at a meeting last month.
The deferred compensation plan replaced its emerging markets equity manager, which had been on watch, in the second quarter.
The fund’s investment and operations committee will recommend State Street Global Advisors to handle an active emerging markets equity ex-China mandate later this month.
The fund will consider adding international equity, private equity co-investment and private credit secondaries strategies to its portfolio this week.
