The plan terminated a pair of mandates with Bridgewater Associates at today’s board meeting.
A Chicago plan has hired a new executive director.
New plan approved both interim and long-term asset allocation targets and hired two passive managers to assist with an impending transition of assets.
Plan placed its domestic large-cap growth equity manager on watch last month due to consistent underperformance compared to the benchmark.
The plan is looking to hire a domestic large-cap growth equity manager to complement an existing firm.
The recommendation was part of a domestic equity portfolio structure review presented at a board meeting yesterday.
Plan approved up to $405 million in new alternatives commitments this week.
Plan added a $50 million follow-on credit commitment at this week’s board meeting.
Plan committed $1.5 million to a new senior direct lending commitment following review of a search report last week.
The fund will split its consultant relationship into separate general consultant and real estate consultant relationships.