Daily Feed
The plan will consider replacing Allspring Global Investments, which has been on watch due to underperformance.
The plan made two buyout commitments this month and approved a 2022 private markets pacing plan in January.
The plan rehired the manager today following interviews with two other finalists.
The firm has added a managing director to focus on new product innovation and growth.
He will join the firm this summer from BentallGreenOak.
Mitchell Green is the portfolio officer for the recently funded $7 billion Illinois Firefighters’ Pension Investment Fund. He took the time to answer 5 questions with FIN News.
The plan is looking for options to potentially replacing an existing underperforming manager.
The plan has concerns with the manager’s performance and liquidity.
The plan was slated to discuss potentially replacing an existing manager as part of a review at today’s board meeting.
The search aims to identify the existing opportunities in the market and there are no minimum requirements to submit information.