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The selected firm will serve for an initial three-year period.
The plan expects to launch the search in January as its incumbent’s contract is slated to expire on June 30.
The state fund is looking for taxable municipal bond managers.
The equity team of Smith, Graham & Co. Investment Advisors will join Dana Investment Advisors, sources have confirmed.
Both active and passive management faced the pressures of fee compression in 2022, according to a recently released study from investment consultant Callan.
The global investment firm expanded with three new hires.
The domestic small- and mid-cap equity firm lost a partner and core equity team member over the weekend.
The plan also granted staff discretionary authority to invest in GP-led secondary transactions.
The pension plan will consider replacing its REIT manager due to the firm’s underperformance.