The deferred compensation plan replaced its emerging markets large-cap core equity manager, which had been on watch since January 2022.
The new head of real estate has been with the fund for three years.
The township expects to award a contract by July 1.
The search follows the departure of Deputy Executive Director of Investments and CIO Matthew Worley on March 31.
The deferred compensation plan hired an active domestic core fixed-income manager to complement its U.S. bond option today.
The new co-head has been with the firm since 2010.
The pension plan’s general investment consultant will see its contract expire next year.
The investment board expects to appoint an executive director next month.
The fund will target value-add opportunities within the U.S. multifamily sector.
The plan eliminated its TIPS target as part of a new asset allocation policy approved in March.