Plan’s investment committee selected one core fixed-income manager and one core-plus bond manager at today’s meeting.
Jay Yoder will retire at the end of the month.
The termination resulted from a public equity structure review presented by its general investment consultant on Wednesday.
The plan moved a portion of its mid-cap value assets to the new small- to mid-cap value manager.
Plan last conducted a search for the services in 2017.
New cio joins from a fellow Chicago-based consulting firm.
Plan added three commitments totaling $310 million at this week’s board meeting.
Ronald Temple has been named chief market strategist at Lazard, the firm announced today.
Plan will review proposed 2023 pacing plans for four portfolios at Thursday’s board meeting.
Newly created position has been filled by a former Blackstone employee.