The plan instructed its consultant to prepare an analysis of alternative firms to its incumbent core-plus bond manager.
The plan’s investment committee is recommending hiring two firms.
The deferred compensation plan received six proposals in response to an RFP issued in January.
The deferred compensation plan will conduct a search to add a complementary manager to its U.S. bond option.
The retirement system made three private equity commitments for pacing purposes yesterday.
Selected firm will handle services that include developing and implementing sound investment strategies.
The deferred compensation plan elected to remain with its incumbent record keeping and administration provider this week.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.
The plan’s current investment consultant was first hired in 2018.
The museum outsourced the management of its portfolio as part of a standard due diligence process as it reviews significant partnerships.