The plan approved a futures overlay manager search to remove its cash drag and also hired a new infrastructure manager yesterday.
The plan will invest up to $1 billion in future Aimco-led multifamily developments.
The plan concluded two manager searches this week.
He joined the firm this week from Greenhill & Co., where he served as an analyst.
The firm added three new hires and promoted an associate to v.p. this month.
The search for a new investment officer stems from the plan’s increased workload.
She has left the firm to join Alliant Retirement Services.
The plan will reduce its total alternative and equity targets to fund the new asset class.
T. Rowe Price Associates has served as the plan’s bundled provider since 2017.
The plan first hired its incumbent general investment consultant in 2008.