Searches And Hires
The retirement system was scheduled to interview three finalists in a domestic small- to mid-cap equity search at last month’s board meeting.
The investment consultant will advise on two retirement plans.
The retirement system closed on a $75 million commitment to a European infrastructure strategy last month.
The retirement system hired its incumbent consultant to a five-year contract following a search conducted in 2019.
Empower Retirement currently provides record keeping, trust and custody services for the deferred compensation plan.
The plan received five proposals in response to a fiduciary consultant RFP issued in January.
The search follows a new asset allocation that includes maiden targets to corporate credit and bank loans.
The plan has begun its search for private equity, private credit and real assets consultants.
The plan’s incumbent consultant will see its contract expire next year.
The plan approved commitments to two core infrastructure funds and one new core real estate manager relationship.