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He will define and execute the firm’s private markets strategy.
The plan expects to conduct the search as it looks to reduce its exposure to core real estate.
Plan defines tail hedge solutions as investments with an asymmetric positive return profile during periods of significant market stress.
Plan is seeking firms to provide trust advisory and administration services for the establishment and potential administration of a trust relating to its OPEB obligations.
Plan has issued an RFP for separate account management services to implement a private markets investment program for its OPEB trust.
Incumbent firm recently experienced a client loss that dropped its product assets below an acceptable threshold for the plan.
The commitments include one to a first-time manager for the plan.
The plan has posted its investment consultant services RFP as it looks to complete the search for best practices purposes.