Searches And Hires
The retirement system has terminated one of its global equity managers, which had underperformed.
The plan terminated two in favor of higher conviction managers.
The RFP follows an RFQ canceled following its April launch.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The plan is looking to create two pools of investment consultants.
The search is open to value-add real estate managers.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
The plan will consider a replacement search for its $331 million core-plus fixed-income mandate with the firm.
The trust last conducted a similar search in 2018.
The pension fund will interview three finalists at Thursday’s board meeting.