Searches And Hires
The deferred compensation plan made the decision last quarter after reviewing four potential replacement options.
The extended deadline will allow prospective consulting firms additional time to tailor their proposals after the foundation released responses to questions regarding the RFP process on May 8.
The pension will allocate $250 million to $400 million each to multiple mandates.
The retirement system shifted away from non-core fixed-income as part of changes approved at today’s investment committee meeting.
The district is establishing a new defined benefit plan later this year.
The plan considered five total direct lending strategies before making a commitment in February.
The district is tentatively scheduled to make a recommendation to its board of trustees in August.
The retirement system will interview two sets of finalists next month.
The plan replaced its outsourced cio at today’s board meeting due to underperformance.
The pension fund is scheduled to review a draft RFP at next Thursday’s board meeting.