Searches And Hires
The plan has rehired its incumbent after issuing an RFP in January.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The retirement system also kicked off its asset/liability study this week.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The pension plan has made four equity investments totaling $850 million.
The plan’s current domestic large-cap growth equity manager will see a portfolio manager change.
The plan’s board voted to commit additional funds to an existing manager and also hire a new manager for the increased allocation.
The plan hired a new core fixed-income manager last quarter.
The plan has issued an RFP seeking multi-asset credit managers.
The plan expects to issue a general investment consultant RFP on April 15.