The search will be conducted as part of a real assets structure review, which was approved at today’s board meeting.
A Northwestern fund is expected to select a general investment consultant in May.
The plan made four private equity investments with existing managers last month.
A Virginia plan added two private equity commitments with existing managers.
The plan reduced its exposure to international equity and will receive two buyout fund-of-funds manager presentations as part of an ongoing search.
The plan will receive finalist presentations from three liquid multi-sector credit managers and three semi-liquid multi-sector credit managers over the next two months.
The plan will consider replacing its international small-cap equity mandate with MFS Investment Management in May.
The plan hired a value-add real estate manager to move closer to its 7% real estate target.
A Rocky Mountain board will not pursue outsourced cio services for its defined contribution plans following the issuance of an RFI.
The new hires will permanently fill the positions that were left vacant following two resignations last year.