The firm will assist the plan with its search to replace Executive Director Ron Baker, who was terminated from the role in May.
The pension plan hired the firm based on its favorable returns, low fees, diversification and low correlation to existing active core-plus fixed-income manager Loomis, Sayles & Company.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
He officially took on the newly created role in April.
The pension plan committed up to $40 million to an existing manager relationship yesterday.
The pension plan’s investment committee approved a $75 million commitment to a middle market buyout strategy last week.
The new fiscal year 2024 asset allocation policy will increase the fixed-income targets for four of the plan’s systems.
The plan retained Nationwide Retirement Solutions as its record keeper in February.
Degas Wright, ceo, cio and portfolio manager of Decatur Capital Management, recalls drawing and coloring as a toddler, but believes his journey of capturing the beauty around him through art is just beginning.
The system will introduce a target to asset allocation leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.