The new executive director replaces Angela Rodell, who was terminated by the plan’s board on Dec. 9.
The plan last rehired its general investment consultant in 2016.
The plan will interview three finalists in its search to replace Executive Director Angela Rodell, who was terminated in December.
Carlton Chin joined the $3.1 billion Municipal Fire & Police Retirement System of Iowa as its first deputy cio in 2020 and was promoted to cio in July. He took the time to answer 5 questions with FIN News.
The plan will seek a real estate manager to handle $30 million to $60 million and recently hired a hedge fund-of-funds manager as part of new absolute return portfolio structure.
CPERA completed its fixed-income unitization project, which will reduce investment management fees for participants of its defined contribution plans.
The board terminated three domestic fixed-income strategies, which handled $1.2 billion total across its three plans.
The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
The plan disclosed two recent commitments totaling $900 million and named a replacement for CFO Barry Faison, who will officially retire on Dec. 31.
The plan committed roughly $300 million total to four buyout strategies last week.