The plan selected a new investment consultant last week, replacing an incumbent it has been working with since 2009.
The plans are evaluating how to address the move of LSIA’s passive equity team to new firm Yousif Capital Management.
The plans are seeking record keeping as well as third-party administrative services.
The plan made commitments to infrastructure, private equity and venture capital at a meeting this week.
The plan committed up to $100 million total to two real estate debt funds at its investment committee meeting yesterday.
The plan had been expected to begin the search consistent with its administrative review policy.
Upheaval in the markets and our lives due to the COVID-19 pandemic led to a search for investment opportunities by institutional investors – with the credit markets offering a beacon of hope for strong returns during a turbulent time.
The firm was placed on watch after the plan received notice of an investment team change.
The plan is conducting an “opportunistic search” for small-cap core managers to potentially handle up to $200 million.
The plan approved transitioning management of its three passive domestic large-cap equity mandates at a board meeting today.