The administrator will provide services for the authority’s three pension plans, which have a total of $58 million in assets.
The plan will examine whether to remain with its current conservative growth and value managers moving forward.
The plan will look to reduce its allocation to mega core properties and take advantage of opportunistic strategies.
The plan is looking to refresh its pool of bank loan managers.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
The plan is looking for a firm to produce investment due diligence and/or operational due diligence reports on an as-needed basis.
The new cio fills a role open for over a year following the previous cio’s retirement.
The firm will manage a 5% allocation to emerging markets that will be funded from hedge fund-of-funds and managed futures.
The plan approved a new long-term asset allocation at its investment committee meeting last week.
The plan hired a new domestic small-cap value equity manager at its board meeting on Friday following a shortlist search.