Plan added a $50 million U.S. small-cap growth equity mandate with an existing manager relationship this month.
Sriram Lakshminarayanan was appointed cio of the $40.8 billion Iowa Public Employees Retirement System in January after serving as the plan’s chief risk officer since 2014. He took the time to answer 5 questions with FIN News.
Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.
Data around diversity within the investment industry is becoming increasingly available, however, specifics around Black representation are not often being broken out and figures that are available show relatively stagnant growth, according to a review of several reports issued this year.
County will stick with the incumbent after receiving five proposals in response to an RFP for its 457(b) and 403(b) deferred compensation plans.
Plan rejected the commitment after receiving additional information about the firm’s ongoing litigation yesterday.
Plan disclosed commitments totaling $82 million and approved alternative investment pacing plans today.
System initially hired Callan as general investment consultant for its defined contribution plans in December 2020 and last renewed its record keeping contract earlier that year.
Plan committed an additional $350 million to its in-state private equity investment program, which was established in 2000.
Program is seeking up to two firms to handle four investment options.