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The plan began a search in January for an investment consultant.
The retirement fund has a new senior investment officer following a recent promotion.
The pension plan introduced a 10% private markets target, which consists of one-third real estate/real assets, last year.
The approval comes as the plan’s five-year contract with its current consultant is ending.
The county deferred compensation plan conducted a similar search for the services in 2017.
The retirement plan replaced its domestic core-plus fixed-income manager yesterday.
The pension plan’s investment committee added two $25 million commitments this week.
The retiree trust fund may terminate an international small-cap equity manager without improved performance to end the year.
The plan hired a new international equity manager to handle a nearly $90 million portfolio at its board meeting last week.
The pension plan has hired a new domestic large-cap value equity manager to handle $375 million.