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The plan is seeking a single firm to provide consulting on traditional and alternative investments.
The manager stepped away from his existing funds effective today.
Remaining team members will absorb the portfolio manager’s responsibilities.
The new hire will oversee the firm’s $32.7 billion real estate equity portfolio, which includes core, core-plus, build-to-core, value-add and opportunistic strategies.
A Midwestern county is searching for a firm to oversee a portion of its $240 million in operating and capital funds.
The new hires will provide specialist investment solutions across asset classes and geographies to international institutional investors.
The firm had suffered from asset decline and underperformance.
The plan has issued an RFP for an executive search firm to recruit its next executive director.
The acquisition is expected to close in the first half of this year.
The plan added two managers to its equity portfolio after increasing the target last year.
