Searches And Hires
The plan is conducting the search for due diligence purposes.
The retirement plan also added a private equity commitment at last week’s board meeting.
The current consultant will see its contract expire at the end of the year.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The retirement system replaced an underperforming U.S. small-cap value equity manager last quarter.
The plan retained its incumbent in 2020 following a similar search.
The plan is nearing a global core equity manager search as it looks to fill a new underlying 20% allocation.
The investment consultant was also rehired in 2019 following a similar RFP process.
The plan terminated its incumbent mid-cap core manager last month.
The plan will also terminate two existing hedge fund managers.
