A Midwestern state plan will extend an offer to a candidate in its cio search and expects to wrap up its chief risk officer search soon.
The plan approved a new asset allocation for its Core Trust Fund.
The plan terminated an international large-cap equity manager as part of several changes to its overseas equity portfolio approved last month.
The plan hired Neuberger Berman at today’s board meeting following an RFP search.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan will implement its recently approved asset allocation policy in three phases.
The plan has issued a general investment consultant RFP after previously delaying its issuance due to the COVID-19 pandemic.
A Northwestern fund decided to conduct an executive director search after terminating its ceo.
The program will retain its third-party administrator.
The plan will commit $2 billion to the fund as part of its sustainable investment and climate solutions program.