GLOBALT’s leadership has purchased the firm and is now operating independently.
The plan is seeking a full discretionary investment manager for its assets.
The plan is seeking services related to record keeping, administration, marketing and enrollment, among others.
The plan’s investment committee will recommend the commitment to the full board at an upcoming meeting.
The authorities conducted similar searches in 2018 and both rehired their incumbent.
The plan launched a search to replace its incumbent in July due to organizational changes as well as underperformance.
The plan rehired NEPC to provide advisory services at a meeting this week.
The firm has added a managing director to its global investors group.
The county is seeking a firm to provide services for its investment pool.
The plan also approved a private equity commitment as it continued talks in its ongoing asset/liability study at a meeting today.