Extensive and timely coverage of the institutional industry.
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 plan is seeking administrative, investment and communication advisory services.
The plan was informed of several new staff-delegated private commitments at its board 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 firm has seen record growth in recent years, including onboarding 292 advisors to both new and existing practices across its network in 2023.
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.
He will help evaluate, analyze and monitor investments made by the firm.