The pension plan is recommending removal of exposure to Clearlake Capital Group within Pathway Capital Management’s portfolio.
The investment consultant added a senior research analyst from the island state pension fund.
The pension plan approved a pair of real estate commitments that fall in line with its annual pacing plan.
The district is seeking the services for its approximately $77 million portfolio.
Timothy Reese has served as ceo and cio of the $3.9 billion Pennsylvania Municipal Retirement System since 2020.
David Brooks has joined Hotchkis & Wiley as managing director for client and consultant relations.
The state deferred compensation fund previously authorized a search to replace an underperforming incumbent in January.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
PPM America Capital Partners, the private equity arm of PPM America, has promoted a new partner.
The district issued an RFP last month for its $13 million long-term investment portfolio and $9 million operating and liquidity account.