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.
Plan approved four fund commitments totaling more than $360 million today.
The current director is retiring after more than 10 years in the position.