Daily Feed
Andrew Hoffmann has joined the retirement systems as an investment director.
The fund will consider committing additional capital to two recently-hired managers within its portfolio at a special board meeting on March 5 after its original meeting on Feb. 19 was cancelled due to a winter storm.
The fund is slated to receive a cryptocurrency education presentation from an asset manager at this week’s board meeting.
The firm surpassed its fundraising goal by more than $200 million in capital commitments.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.
The investment advisor will be response for more than $13 billion in assets.
The retirement system selected a new manager following three finalist interviews held last week.
The plan approved private equity and real estate commitments at its board meeting today.
The plan launched a search last year due to underperformance from its incumbent manager.
The plan hired one new manager and retained one incumbent today.