A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.
The manager had been on watch due to underperformance.
The plan has seen two real estate investment officers depart in recent months.
The plan’s chief risk officer will take on the cio position.
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
Corporation retained Hyas Group as investment consultant for its retirement plans this week.
A Midwestern plan approved a private equity commitment at its investment committee last week.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
The plan hired two investment officers this month.
The plan will conduct a target-date fund manager search to potentially replace an existing mandate.