Searches And Hires
The plan hired two firms in its international equity manager search.
The commitments conclude an RFP process and were made for pacing purposes.
The search stemmed from a discussion regarding a possible restructuring of the plan’s opportunistic fixed-income portfolio at a meeting yesterday.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The searches follow a review of the overall asset class this week’s meetings.
The plan swapped out an underperforming international equity manager at a meeting this week.
The hire concludes a search launched in May for best practices.
The plan is seeking strategies to replace a core-plus mandate with Western Asset Management.
The college is seeking an investment advisor to provide strategic advice and management of bond proceeds throughout the life of the bond.