Searches And Hires
The plan’s current consultant will see its contract expire.
The retirement system anticipates hiring two to three managers for a combined mandate size of approximately $1.4 billion.
The retirement system last conducted a similar search in 2018.
The retirement fund disclosed commitments totaling $3.1 billion in November.
The searches are open to growth and value equity managers.
The retirement system added private equity and private credit commitments in recent months.
The pension plan is seeking several managers to handle a yet-to-be-determined mandate.
The plan is seeking general and private markets consultants for due diligence purposes.
PFM Asset Management currently provides investment advisory services for the trust.
The pension plan approved one credit and three real estate commitments totaling $180 million at yesterday’s investment committee meeting.