The officer was responsible for identifying innovative approaches to diversification, enhancing returns and reducing fees.
The plan will discuss an executive director replacement search at a future board meeting.
Plan approved a $7 million investment in a credit hedge fund at today’s board meeting.
The plan will hear presentations on three private debt managers next month.
Plan received only one response to an RFP issued last month.
New executive director joins from the second biggest plan in the state.
The plan terminated an underperforming manager and added three private markets commitments.
Two firms will vie for a new private credit mandate.
Plan will interview three firms at a future board meeting.
The plan will interview two finalists in July.
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