The plan will review an asset allocation study that may introduce two new sub-asset classes next month.
The plan is seeking a firm to advise and monitor plan assets and review investment managers, among other responsibilities.
The plan expects the RFP to be issued early next week ahead of the incumbent consultant’s contract expiration.
The search is due to the upcoming contract expiration of its incumbent.
The consulting firm outlined the 2020 results of its diverse asset manager initiative launched in 2018.
The plan approved three new private commitments at a board meeting today.
The plan will interview finalists in its search for dynamic bond managers at a future meeting.
The plan, which lost previous CIO Seth Kelly in June, appointed a permanent replacement at today’s meeting.
The plan made a hire in its search for domestic mid-cap value equity managers.
The plan approved a new private equity commitment at last week’s board meeting.