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The plan will commit a total of $3.4 billion to private equity, private credit, real estate and real assets in fiscal year 2022 starting July 1.
State is seeking a fully bundled provider to handle responsibilities for its 457 and 401(k) plan assets.
Plan terminated a pair of public equity investments as part of an overall structure review of the portfolio.
The plan will interview three firms to provide traditional and alternative consulting services.
An Eastern state plan hired a domestic small- to mid-cap value equity manager last month.
The two will oversee the firm’s origination activities and report to its Co-CEOs.
Co-director that joined the firm last year will assume marketing and client service responsibilities.
An Eastern state plan received a domestic small- to mid-cap value equity manager recommendation last month and made several changes to its hedge fund portfolio in April.
Plan will conduct operational due diligence on two marketable alternatives finalists before entertaining a final action on approval.
