Plan’s new domestic mid-cap value equity manager will handle a 2.5% allocation.
The plan is seeking domestic mid-cap value equity managers to handle a $25 million mandate and diverse-owned private equity managers for an up to $3 million commitment.
The system is seeking a retirement plan investment consultant on behalf of its several funds after awarding a maiden contract for the services in 2018.
Plan will consider a search for a complementary manager following a core fixed-income review scheduled for April.
Plan diversified its real estate portfolio with two commitments last month.
Plan will begin addressing high-level considerations and formulating plans to begin redeploying assets in private markets investments after halting new commitments since 2016.
The plan’s first investment analyst began in the position on Sept. 26.
Plan added a direct real estate investment and a REIT investment to fill out a new 5% allocation to the asset class.
The authority is seeking investment advisory services for two plans totaling $13 million.
The plan is seeking a replacement following the July departure of its last executive director.