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The department is seeking investment providers for its voluntary retirement savings program, which consists of three defined contribution plans.
Plan approved four new alternatives commitments and has begun a search for an investment analyst.
Search is for two managers to handle nearly $500 million in total.
Plan will interview two emerging markets and four developed markets equity managers as finalists in its ongoing searches this summer.
Search is for a consultant to oversee a 2% portfolio to private credit approved in August 2020.
New cio begins in the position next month and joins from a fellow Illinois-based pension plan.
The current director of investments has served in the role since 2019.
The plan hired Verus as its new general investment consultant at a meeting today.
Plan’s incumbent tangible assets consultants were the only respondents to an RFQQ issued in February.
The restructuring will next eliminate three more managers next month.
