Searches And Hires
The plan’s board had been in a protracted search that had initially seen Verus hired over incumbent Callan and then the search restarted.
The pension plan hired a new domestic large-cap growth equity manager last month.
The retirement plan is seeking a general investment consultant due to an upcoming contract expiration.
The plans considered approving an RFI last week due their record keeper’s upcoming contract expiration.
The district is seeking to “consolidate providers by implementing a single vendor or a dual vendor solution.”
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The deferred compensation plan also hired a new target date fund provider at a meeting today.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The plan’s incumbent domestic small- to mid-cap core equity manager had been gradually underperforming the benchmark.
The hire concludes a replacement search conducted by the retirement system’s general investment consultant in February.
