The pension plan has directed its staff and general investment consultant to conduct a targeted RFP process to replace a terminated international small-cap equity manager.
The pension plan committed $100 million total to an existing private equity manager relationship last week.
The deferred compensation plan replaced its international large-cap value equity manager yesterday due to underperformance.
The pension plan approved a new asset allocation policy that introduced a new asset class and eliminated two existing asset classes last week.
The pension plan made a $20 million credit commitment in the third quarter.
The ceo of asset management will spearhead the group’s efforts to bring together its public and private markets businesses as a unified global asset manager.
The agency’s investment portfolio is currently managed in-house.
The retirement system made four private equity commitments for pacing purposes at today’s board meeting.
The pension plan ended the employment agreement of its executive director, who had been on paid administrative leave since November.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.