The investment consultant will advise on a new venture capital program.
The plan’s current director is set to retire.
The commitments include two new manager relationships.
The plan rehired its incumbent consultant after a fee reduction.
The plan committed to a new private equity manager relationship and trimmed its real estate portfolio.
The plan concluded its core real estate replacement search at a meeting last week.
The termination follows a completed asset/liability study.
The plan committed to three funds run by new manager relationships.
The plan also named two semifinalists in its general investment consultant search.
The plan will seek a replacement for a manager redeemed last month due to organizational concerns and performance reasons.