Daily Feed
The new active core mandate will replace the pension’s passive bond allocation.
The plan also terminated an active domestic large-cap growth equity manager in December.
The plans launched a search in February due to the contract expiration of their incumbent.
The authority issued an RFQ in February after previously hiring its incumbent in 2018.
The plan will conduct the search due to the upcoming contract expiration of its current consultant.
Firm’s business development team now stands at four members.
The plan’s board would prefer not to conduct an RFP and instead gather data informally.
The plan initially hired the core real estate manager in November as part of a search that was launched in 2022.
The plan is seeking an individual to assist its private markets director.
The commitment is part of the retirement system’s annual pacing plan that will target three to four managers.
