The termination recommendation stems from fixed-income structural changes approved last summer that eliminated sub-asset class targets in core-plus and high-yield.
The value-add real estate manager hired a new head of acquisitions for the Eastern region.
Jean-Charles Sambor leads a new six-person emerging market debt team as a complement to TT’s equities franchise.
The retirement system added three team members, including two managing directors, to its staff.
The retirement fund returns to a previous general investment consultant relationship after changing firms following a similar search process conducted in 2019.
Inclusion of more venture capital funds, which often have lower GP commitments, likely led to the drop.
The retirement fund has a new senior investment officer following a recent promotion.
The county deferred compensation plan conducted a similar search for the services in 2017.
The pension plan’s investment committee added two $25 million commitments this week.
The retiree trust fund may terminate an international small-cap equity manager without improved performance to end the year.