Searches And Hires
The deferred compensation plan’s incumbent stable value fund manager will see its contract expire next year.
The board also disclosed a fixed-income manager termination last week.
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system also hired a new hedge fund manager in the second quarter.
The plans also replaced a domestic large-cap growth equity manager due to underperformance.
The retirement system will interview the firms in November for $1.3 billion in total mandates.
The plans replaced their domestic mid-cap growth equity manager, which had been on watch since the fourth quarter.
The retirement system approved commitments following finalist presentations held last month.
The firm will provide investment consulting services for the county’s soon-to-be merged asset pools.
