The contract of the plan’s current provider has expired.
The plan will hire a new high-yield fixed-income manager this fall.
The plan is likely to introduce a 5% allocation to the new strategy.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
The trust hired an active manager for domestic small-cap equity in lieu of a Russell 2000 Index Fund investment.
The plan committed a total of $45.5 million last month.
The plan redeemed an absolute return investment and disclosed five private markets commitment.
The incumbent manager was first hired in 2006.
The plan hired a new domestic small- to mid-cap growth equity manager and will make potential changes to its long/short portfolio.
The plan’s global equity manager experienced recent underperformance.