The foundation is seeking an investment manager to handle its portfolio and develop an investment strategy.
The fund has issued an RFP seeking an investment advisor to handle its portfolio due to the upcoming contract expiration of its incumbent provider.
The systems are looking for passive U.S. Treasury/Agency fixed-income managers.
The retirement fund returns to a previous general investment consultant relationship after changing firms following a similar search process conducted in 2019.
The consultant will provide advice related to investment policies and asset allocation.
The search will be opened to high-yield corporate debt, leveraged loans, securitized credit and convertible bond strategies.
The pension plan committed $200 million to real assets and real estate funds last week.
The plan’s incumbent has been serving in the role since 2017.
The plan began a search in January for an investment consultant.
The pension plan introduced a 10% private markets target, which consists of one-third real estate/real assets, last year.