Plan approved a search for a domestic small-cap value equity manager due to organizational changes at its incumbent firm.
The plan will soon issue a new RFP after COVID disrupted last year’s search.
The plan made five commitments in closed session and added a senior portfolio manager.
The plan will search for a private equity fund to investment in the new emerging sector.
The plan made a $20 million infrastructure commitment after finalist interviews at today’s meeting.
Michael Shone reflects on more than 33 years in the industry.
The plan concluded its emerging markets equity search with two manager hires.
The plan is nearing the conclusion of its domestic small-cap equity and fixed-income manager searches.
The board approved an initial allocation of $1 billion to emerging managers across multi-asset classes.
The plan will establish a search committee for a successor.