The plan expects to conduct three total searches this year as part of a search scheduled from its consultant.
The trust will consider active strategies for its maiden small-cap allocation.
The plan made commitments to two new relationships at today’s board meeting.
The plan begins its general investment consultant search due to the expiring contract of its incumbent.
Plan made several manager changes to its equity portfolio as part of a transition conducted by its new general investment consultant.
The plan appears to be seeking its first passive investments in equities and bonds.
The plan created a maiden high-yield fixed-income allocation as part of a new target asset allocation.
The plan will also begin a search for a Standard & Poor’s 500 Index manager.
The plan will begin a domestic small-cap growth equity search in the next couple of weeks to be followed by core bond and small-cap value searches.
The executive director is leaving after more than 8 years in the position.