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The search follows the Jan. 3 departure of Executive Director Janilyn Murtha.
The firm’s new managing director has joined from Duration Capital Partners.
The deputy cio has resigned after a nearly 20-year career at the plan.
The search for due diligence purposes and the plan currently has three incumbent managers.
The retirement system is monitoring its domestic small-cap core equity manager for performance reasons.
The deal will add approximately 2,900 advisors and roughly $285 billion in brokerage and advisory assets to LPL’s platform.
Joshua Schachter steps into the role after 25 years of investing alongside longtime CIO Richard Snow.
Early-stage venture capital firm Construct Capital successfully closed its $300 million Fund III, the firm announced.
The newly established role will further strengthen the equities platform, optimizing performance and fostering innovation across Principal’s global equity strategies.
The potential move comes as the strategy’s portfolio manager recently retired.