The plan recently considered replacing its domestic core-plus fixed-income manager due to underperforma
The pension plan updated its asset allocation policy for fiscal year 2025 and beyond after receiving an asset allocation review this week.
The incumbent international large-cap value equity manager had been on watch due to underperformance, asset outflows and organizational changes.
The investment analyst joined the plan from the State of Wisconsin Investment Board.
The new global head of fixed-income will join the firm in August.
The authority last issued an RFP for investment management services in 2019.
The agency issued an RFP in March due to the incumbent’s contract expiration.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The new portfolio manager joined the plan this month from the California State Teachers’ Retirement System.