The trust’s incumbent U.S. small-cap growth equity manager ceased operations.
The plan has begun its searches for a stable value fund manager and a record keeper.
He will help deepen the firm’s relationships with public pension plans.
The searches are being conducted to comply with state procurement laws.
The plan’s general investment consultant will report back on its due diligence meeting with the firm.
The trust’s incumbent consultant is on a six-month contract.
The plan approved a commitment to one of its strongest asset class.
The plan will soon issue RFPs for a stable value fund manager and a record keeper.
The search is due to the contract expiration of Empower Retirement.
The plan committed to two managers following closed session discussions.