Searches And Hires
The plan’s current advisor will see its contract expire on Sept. 30.
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.