The plan increased its target to international equity at the expense of long/short equity.
The plan may vote on a new executive director tomorrow.
The contract of the current consultant is set to expire this year.
The search is open to core and value-add real estate strategies.
The commitments were recommended in closed session of yesterday’s board meeting.
The maiden asset class was added as part of a new asset allocation approved last year.
The plan interviewed three candidates at a special board meeting last week.
The searches comply with standard state procurement laws.
The recommendation stems from general investment consultant NEPC’s most recent asset class assumptions.
The plan also concluded its real estate and passive manager searches.