Searches And Hires
The retirement system made four private equity commitments for pacing purposes at today’s board meeting.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.
The retirement board has approved a fiscal year 2025 real assets investment plan that discontinued its search for two new open-end core real estate managers.
The plan approved the search following a quarterly performance review.
The plans last issued an RFQ for investment consulting services in 2023.
The plan hired two firms in its international equity manager search.
The commitments conclude an RFP process and were made for pacing purposes.
The search stemmed from a discussion regarding a possible restructuring of the plan’s opportunistic fixed-income portfolio at a meeting yesterday.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
