Daily Feed
The plan also committed to a non-core real estate fund and will redeem from a core fund.
Fujita was hired as the new cio of the $31 billion plan in July after spending the last 13 years with the Los Angeles City Employees’ Retirement System.
The search comes as the current executive director will retire this year.
The oversubscribed fund closes with $1 billion in capital, exceeding its original hard cap of $900 million.
The school district is seeking a manager to provide cash flow investment management services and reporting for construction bond proceeds up to $179 million.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The plan first began discussing the search in June due to the upcoming contract expiration of its incumbent.
The retirement system concluded its domestic small-cap value equity search by selecting two managers.
The plans added a sustainable equity manager to their lineup in October after initially receiving an ESG/socially responsible product analysis search book in April.