Searches And Hires
The trust’s current investment consultant will see its contract expire this year.
The search is part of a scheduled review process.
The plan also interviewed two firms in its domestic large-cap growth equity manager search last month.
The plan will consider new structures for its infrastructure, non-U.S. equity and real estate portfolios later this week.
The plan’s current high-yield managers are on watch for performance reasons.
The plan conducted a similar search for the services in 2017.
The plans’ current consultant was most recently hired in 2020.
The search is part of a state-mandated evaluation of existing managers.
The company had been exploring ways to best preserve and maximize its over-funded status.
The plan recently trimmed its active roster by one to fund the new hire.