Searches And Hires
The plan’s consultant will also kick off an asset/liability modeling study this month.
The plan’s current provider handles $174.5 million of its assets.
The plan also made several private markets commitments totaling more than $500 million.
The plan also made a hire to replace its mandate with Western Asset Management.
The $80 million committed to non-core infrastructure funds at today’s meeting conclude the retirement fund’s pacing plan for 2024.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The New Jersey city is seeking the services on behalf of its $9 million deferred compensation plan.
The foundation has launched a search for an outsourced cio to oversee its portfolio and revise its investment policy statement.
The foundation has issued an RFP seeking an investment consultant to provide advice and counsel for its assets as it believes best practice is to search for the services periodically.
The foundation conducted a similar search in 2020 that resulted in rehiring its incumbent provider.