Searches And Hires
The deferred compensation plan has replaced its domestic large-cap core equity manager, which had been on watch due to underperformance.
The termination request stems from the ongoing issues related to the SEC investigation and leave of absence by Co-CIO Ken Leech.
The search is open to value-add and opportunistic real estate strategies.
The authority canceled and reissued a search for retirement plan consulting services initiated in July.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The institution will look to increase its commitments to private real assets over the next two years after adding a private real assets strategy within its endowment at its investment committee meeting last week.
The water authority retirement plan replaced its domestic core-plus fixed-income manager in May due to underperformance.
The plan also terminated an emerging markets equity manager in June.
The plan also named four finalists in its global equity manager search.
The endowment will call a special meeting to select a firm in its U.S. direct lending manager search after eliminating one firm from a pool of candidates at its board meeting last month.
