Plan will interview two emerging markets and four developed markets equity managers as finalists in its ongoing searches this summer.
The current director of investments has served in the role since 2019.
The restructuring will next eliminate three more managers next month.
Ted Wright joined the State of Connecticut Retirement Plans & Trust Funds as its cio in August from the Los Angeles County (Calif.) Employees Retirement Association. He took the time to answer 5 questions with FIN News.
The plan is looking to place nearly $770 million with two managers.
The plan committed $700 million to two alternative managers.
The plan will receive a list of candidates at its June 25 board meeting.
The plan’s incumbent manager will cease operations next month.
The plan committed $25 million to the asset class for pacing purposes.
The plan hired three firms to replace its incumbent core fixed-income managers.