The fund is looking for passive U.S. equity and fixed-income managers.
Plan would launch search in 2021 and the incumbent will be welcome to rebid.
Plan’s RFP follows approval last month due to performance concerns related to the incumbent.
A Great Lakes plan will review three international value managers to potentially replace an underperforming incumbent next week.
The plans’ consultant said more discussions may be necessary if the firm’s strategies don’t outperform in a market favoring value during a meeting today.
The new manager will take over an approximately $10 million portfolio.
The partnership will expand GIA’s distribution channels and give ZCM new product offerings.
A Midwestern pension fund is searching for its first cio.
Plan rescinded one of two distressed debt commitments it approved earlier this month after failing to come to terms.
Plans’ consultant is recommending the termination for performance reasons.