Daily Feed
The plan has hired a recruitment firm to assist in its executive director search.
The plan issued an RFP earlier this year due to the incumbent’s upcoming contract expiration.
The new manager will split the plan’s fixed-income portfolio with its existing core manager.
The selected firm will help in an upcoming plan administrator RFP.
The authority is conducting a search on behalf of its 457(b), 401(a) and retirement health savings plans.
The commercial real estate debt manager has appointed a senior manager director and head of high-yield strategies.
The new executive v.p. and head of asset management will join the firm on Sept. 16.
The plan adopted a new asset allocation that also eliminated risk parity and more than doubled its hedge fund target this week.
Plan staff will conduct on-site visits with six private debt firms next month.
The plan hired a new manager to replace its underperforming incumbent.