The retirement system voted to commit to an additional core real estate manager to diversify its allocation.
The search is due to the contract expiration of its incumbent consultant.
An RFP was issued in May and the district plans to invest $20 million and $200 million under the guidance of the selected firm.
He will officially depart the plan later this year to “pursue an exciting opportunity.”
The retirement system hired a new international equity manager at today’s board meeting.
Florence Dard will join Pantheon as partner and chief client officer later this year.
The pension plan approved two commitments to private equity and real estate at a meeting today.
The retirement system is seeking a firm to provide the services across all asset classes.
The state retirement system will seek full board approval to hire three core fixed-income managers next week.