Searches And Hires
The pension plan disclosed two buyout commitments at yesterday’s board meeting.
The plan agreed to split an intermediate bond allocation between two firms that presented at its January board meeting.
The plan will issue its general investment consultant RFP in the coming weeks.
The village is seeking investment management services for roughly $90.7 million in assets.
The plan approved a $50 million commitment at its board meeting today.
The search is due to the upcoming contract expiration of its incumbent.
The hire concludes a search launched in May due to the incumbent’s contract expiration.
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The plan also made a $50 million long/short equity investment last month.