Searches And Hires
The retirement system terminated an equity manager that handled two mandates yesterday.
The plan will interview the two finalists in April.
The retirement plan added $60 million in infrastructure investments at today’s board meeting.
The infrastructure asset class would mark a new investment for the plan.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The search is being conducted due to the upcoming June 30 contract expiration of incumbent CAPTRUST Financial Advisors.
The $100 million investment followed finalist interviews at this month’s board meeting after the fund launched a search in late 2025.
The state agency expects to issue an RFP for a firm to provide investment advisory and management services for its portfolio due to the impending contract expiration of its incumbent provider.
The 529 plan is likely conducting the search due to the impending contract expiration of incumbent 529 industry consultant, which was retained in 2023 following a similar search.
The retirement system also hired two value-add real estate managers today.