The plan will recommend the hire of a new pension investment consultant at a meeting this week.
The state’s defined contribution plan is seeking a core-plus fixed-income manager.
Plan will seek board approval for international equity and U.S. fixed-income portfolio structures that would see new manager additions this week.
The fund is seeking subadvisors to manage assets for its investment pool.
The plan approved four private equity and real estate commitments at today’s board meeting.
The plan’s general investment consultant will review an index search as well as potential active manager candidates at a meeting next month.
The plan hired a firm to assist the board with oversight of investment management functions.
The plan, which has worked with its incumbent since 2002, elected to hire a new consultant yesterday.
The plan terminated an underperforming international equity manager and made a venture capital commitment last month.
The plan has issued an RFP seeking record keeping and administration services.