Searches And Hires
The plan opted for an emerging markets equity fund with more diversified holdings.
The search is due to the upcoming Dec. 31 contract expiration of its current provider.
The pension plan will review its domestic core fixed-income manager search at an April 26 board meeting and selected a new executive director last month.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The plan made the commitment at its board meeting this month.
The search complies with standard state procurement laws.
The plan is seeking an intermediate fixed-income manager within its stable value fund investment option.
The pension fund approved the staff recommended RFP last week.
The pension plan’s outsourced cio recently hired two risk parity managers to replace the incumbent due to underperformance.
The new manager will handle approximately $450 million.